Finally Facebook Register Victory in Ownership Lawsuits

Must Read

Can CBD Gummies Be Beneficial For College Students?

College students often feel more pressure than they have ever—or will ever—feel in their entire lives. Many...

Will Google’s Move To Delete 2,500 YouTube Channels Add Fuel To The Fire With China?

The US-China trade war has started rearing its ugly head. Both sides are now turning to extreme...

India Enterprise IT Spending To Reach Rs. 1,910 Billion In 2012: Manufacturing And communication Industry To Drive The Growth

Manufacturing and Communication Industry is expected to drive the overall growth in the years to come. Sectors like Education,...

Finally Facebook registered victory over a lawsuits filed in US court towards ownership dispute with New York resident Paul Cegli, preventing any assets transfer, when a New York federal court judge struck down a restraining order preventing the company from transferring its assets.

Just couple of days before I have mentioned in one of my posts that a New York resident Paul Cegli claims over 84% of ownership over Facebook and filed a lawsuite against Facebook and Mark Zuckerber – CEO and Co-Founder of Facebook. Ceglia claims to have signed a contract with Zuckerberg in 2003 for a web site that resembles what is now Facebook and claims to be owed 84% of the company. The case itself is odd for a number of other reasons, like the timeline not fitting into the state’s statute of limitations (why wasn’t the issue brought up earlier?), and the plaintiff being previously charged with grand larceny for not providing customers with $200,000-worth of pre-ordered wood pellets in 2009.

The restraining order restricted Facebook from moving its assets. Facebook had the case moved to federal court and, although it continues, U.S. District Court Judge Richard Arcara in Buffalo said that the order was “impermissibly vague and overbroad.”

Advertisements

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

OYO Introduces New Initiatives to Increase Employee Satisfaction

With work from home having become the new norm for most Indian startups due to mandatory social...

Amid Acquisition Talks, TikTok Gearing Up For A Legal Battle!

Desperate times call for extreme measures. The popular short-form video app TikTok has been facing unprecedented amounts of backlash from Uncle Sam...

PAN-Aadhaar link: 32.71 Crore Indians Can Now Reap the Benefits

The agenda to link every citizen's Aadhaar card with their PAN card has been on the Indian Government's radar ever since 2017....

When A City Had To Pay Ransom To Cyber Criminals!

While the rapid advancement in technology surely did gift us with newer and more powerful devices, be it smartphones or iPads, it...

Can Twitter’s New Feature Really Make You Feel Safe?

Twitter has been on what seems like a campaign to make the site a place for more meaningful conversations among users. Ever...

TikTok Acquisition: Not A Cake Walk for Microsoft

After President Trump announced an order banning US companies' transactions with Chinese businesses, which is set to come into effect 45 days...

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

More Articles Like This