A New York state judge has upheld law firm Quinn Emanuel’s $13 million payout for representing ConnectU in intellectual property litigation against Facebook, denying the former client’s attempts to stay the award while it challenges the $65 million settlement it struck with Facebook back in 2008.
Ok, that may be a bit of a confusing lede, so let’s tackle this one from A to Z. Trust me, it’s… → Read More
The founders of ConnectU were apparently paid as much as $65 million in cash and Facebook stock to settle their longstanding dispute with Mark Zuckerberg and Facebook, according to an ad unearthed by The Recorder this morning. The advertisment was placed by Quinn Emanuel Urquhart Oliver & Hedges, the lawfirm that represented ConnectU founders Cameron and Tyler Winklevoss and Divya Narendr up… → Read More
Facebook is said to be finalizing a settlement with founders of ConnectU, according to sources quoted by the NY Times. For those unfamiliar with the case, a lawsuit before the US Federal Court alleged that Facebook CEO and Founder Mark Zuckerberg stole the original code for Facebook. Cameron and Tyler Winklevoss, and Divya Narendra (ConnectU) accused Zuckerberg of stealing the source code, design… → Read More
While Alice Mathias may have overplayed the frivolous uses of Facebook for college students in her article called The Fakebook Generation published in the Grey Lady a few weeks ago, she was certainly correct in saying that Facebook lost a certain je ne sais quoi for students when it opened up to the real world last fall. So instead of trying to take this $15 billion animal head on, as one $222… → Read More
The long running saga of claims and counter claims between Facebook and ConnectU hit court today with an initial setback for ConnectU. The case before the San Jose Federal Court was not the allegations that Mark Zuckerberg stole ConnectU’s code and idea to create Facebook, but Facebook’s counter claim that ConnectU illegally hacked into Facebook in 2004, stole email addresses then used… → Read More