Winklevoss Brothers Sue Back Facebook – AGAAAAIIIINNN !!!

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 students are...

Reliance Jio Buying Spectrum From Rival Bharati Airtel Is A Win-Win Deal

In what can only be called an unlikely deal between two rivals, Reliance Jio will be acquiring some spectrum...

After Amazon, Flipkart To Introduce EVs In Last-Mile Delivery: Partners With Mahindra Logistics!

The electric vehicle wave is taking over India in full swing and Flipkart is the latest entrant in the...

It has been proven again, Greediness has no end and Winklevoss brothers are the perfect example of this. Within 24 hours of withdrawal the previous case against Facebook, twins have sued Facebook –again. Just few days ago, the twins dropped their plans to ask the U.S. Supreme Court to void previous legal ruling upholding a settlement originally valued $65 million – but now worth an additional $35 million because Facebook’s share value has been appreciated.

Many legal analyst and Facebook appreciated such move and thought that would be end of the road. But winklevoss had some other plans in their minds. The Twins and their business partner Divya Narendra said they had the doubt about the Facebook valuation which was presented to them at the time of settlement and therefore they have asked the judge to re-investigate whether Facebook “intentionally and inadvertently surpassed evidence”, according to the Loa angles Times.

Last year Facebook CEO Mark Zuckerberg allegedly sent some pesky messages while he was at Harward to the Connect U business partner which was later leaked to couple of media outlets. Twins and Narendra want the Boston federal court of look into their claims that Facebook and its lawyer hid the instant messages from them during litigation. That request has already been suspended during the U.S. Supreme Court appeal.

Advertisements

 “These are old and baseless allegations that have been considered and rejected previously by the courts,” Neel Chatterjee, an attorney for Facebook, said on the record.

However, Legal analysts don’t see any much hope this time around, and this may be the last attempt by twins to get holds Facebook into any legal battle. But knowing the background and previous acts in this regards, Twins are capable enough to surprise us with anything – probably 50% of Facebook 🙂

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

What is the Value of Auditing a Marketing Campaign?

As a general rule, reviewing business best practices is not considered an exciting task. Rather, most business leaders would...

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 and unparalleled...

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, with a...

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 of the...

More Articles Like This