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Tag Archive: ConnectU

Facebook – ConnectU Legal Battle Nears End

Facebook - ConnectU Legal Battle Nears End

In a particularly complex legal tale, ConnectU has been ordered by a court to honor an agreement and hand over its stock to Facebook, even though ConnectU is suing Facebook over misrepresentation of its value in the settlement on another suit. Got that? Good.

Back in 2004 the founders of the ConnectU social networking site, brothers Cameron and Tyler Winkelvoss and Divya Narenda, sued their fellow Harvard student Mark Zuckerbug, claiming he stole their social networking site idea while doing work for them in 2003.

Judge Delays Facebook Hearing

Judge Delays Facebook HearingThe hearing regarding the alleged theft of the code at the heart of the Facebook social network has been delayed until August 8. It was originally scheduled totake place this week.   Judge Douglas Woodcock has given the extension so the accusers, three men who were at Harvard with Facebook founder Mark Zuckerberg. They allege he agreed to work withthem to create the code for their social network site, ConnectU, in 2002, but later took it to begin Facebook.   The ConnectU team originally filed suit in2004, but it was dismissed earlier this year on a technicality, after which they immediately re-filed. The suit accuses Zuckerberg of  fraud and misappropriation of trade secrets, and asks forConnectU to be given ownership of Facebook. Judge Woodcock has instructed the lawyer for ConnectU to file a fresh plea that gives more facts to support their claims.   "Dorm room chit-chatdoes not make a contract," he said.

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