Winklevoss Twins Give Up on Facebook Case

Written on:June 23, 2011
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After years of litigation and multiple appeals, Tyler and Cameron Winklevoss have decided to take their cash and end their judicial crusade against Facebook and Mark Zuckerberg.

The twins, who became mainstream figures thanks to the success of The Social Network, accused Zuckerberg of stealing the idea and technology for Facebook when they were classmates at Harvard. The two sides settled in 2008 in a deal worth approximately $200 million today, but in the last year the twins have tried to appeal the settlement based on the claim Facebook and Zuckerberg defrauded them on the true value of Facebook stock.

The twins lost in an appeal at the Ninth Circuit Court of Appeals, with the court declaring that, “at some point, litigation must come to an end. That point has now been reached.” The Winkelvii didn’t agree though, and they appealed their case to the U.S. Supreme Court.

Now, after “careful consideration,” the twins have decided to withdraw their appeal, according to Reuters.

We’re not surprised: the U.S. Supreme Court was extremely unlikely to even take their case, much less rule in their favor. We doubt this will be the last time we hear from the twins, though.

More About: Cameron Winklevoss, facebook, mark zuckerberg, Tyler Winklevoss, Winklevoss twins

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