Apr 11 2011 03:18 PM ET

Winklevoss twins lose Facebook appeal

Filed under: News and tagged: , ,

Cameron and Tyler Winklevoss, the Harvard-educated twins who accused Facebook creator Mark Zuckerberg of stealing their social network idea, were told by a court that they could not re-open their 2008 agreement in the hopes of a more lucrative settlement. “The Winklevosses are not the first parties bested by a competitor who then seek to gain through litigation what they were unable to achieve in the marketplace. And the courts might have obliged, had the Winklevosses not settled their dispute and signed a release of all claims against Facebook,” wrote Chief Judge Alex Kozinski of the U.S. 9th Circuit Court of Appeals. “At some point, litigation must come to an end. That point has now been reached.”

According to the Los Angeles Times, the twins’ original settlement with Facebook, which includes company stock, is currently valued at more than $160 million. RadarOnline has the court documents.

Read more:
DVD review: ‘The Social Network’
David Fincher explains the CG magic behind the Winklevoss twins

Comments (30 total) Add your comment
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  • Julie

    If the Winklevoss twins were the inventors of Facebook, they would have invented Facebook.

    • ILoveZacLevi

      The truest line in the movie.

      • ZacLeviIsMINE

        your mom.

    • j

      You have the MINIMUM of my attention, Winklevii!

  • Dale

    And both of them actually have Facebook accounts.

  • racefan111

    $160M for doing nothing – nice.

    • ECM

      Yeah that sounds better to me than actually running Facebook. Sooner or later, Zuckerberg’s shaddy privacy policies are going to get slammed. And the Winklevoss can just walk away free and clear.

      • AcaseofGeo

        The movie makes it clear the embryo was their idea; it was Zucker who purloined it. They got paid $160M. How Freaking much do they want? I don’t care if FB is worth billions..Seriously HOW MUCH do they need?

  • Preston

    Winklevi.

    • SaraS

      Haha. Great line in the movie.

    • Larry

      Shouldn’t it be spelled “Winklevii”?

  • Katie

    Wow, the judge really went after them with that statement. At first I thought it was Zuckerberg’s statement in response to the ruling. Very interesting.

    • Katja

      I thought the same thing.

    • Cat

      Me too.

    • celeste

      Maybe he is a fan of the movie

  • Dianne

    Ooooh, BURN!

  • DUH

    they’re lucky they got what they did. ConnectU blew and wouldn’t have been bought for $160 mil. yeah, it was their idea, but that’s what everything starts as and zuckerberg was the one who made it into the billion dollar company that it is. not the winklevii

    • emma

      a guy who builds a nice chair doesn’t owe a chair to every other person who built a chair.

  • Peter

    Yeah..seriously. 160 million and sexy. Why the constant complaint, fellas?

    • abadstroller

      6’5″, 220, and there are TWO of them!

  • abadstroller

    It’s like Aaron Sorkin was ghost-writing for Judge Kozinski! Nicely done, your Honor!

  • Liz Lemon

    Lmao. I don’t know why, but I find this hilarious.

  • bul

    Winkholes

    • Jack

      They seem even less likable in real life.

  • Franky

    Criminy, I just saw a photo of them on Yahoo. They look like twin Herman Munsters.

    • abadstroller

      I just saw their picture. Not exactly Munster-like, but jarring if your mental image of the Winklevii is of the perfectly lovely Armie Hammer (and Josh Pence, as Tyler–before the CGI face-off) from the movie.

      Cam and Ty: It’s time to move on. Sad, but true. Take your millions of dollars…and row, row, row your boat….

    • K8

      More like if JFK Jr. and a caveman mated

  • King Umlaut

    Poor Winklevii, guess they’ll have to go back to daddy and try to find ways of spending their paltry $60MM.

  • Kelly

    160 million isn’t enough for them? Hot damn.

  • coachfactoryoutlet

    I am not saying nonsense. This is awesome information. I have already came to similar conclusion.It is a real eye opener and may prompt me to make some serious changes to my current strategies.

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