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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.

Facebook Founder Accused Of Code Theft

Facebook Founder Accused Of  Code TheftFor the second time in three years, Facebook founder Mark Zuckerberg is in court, facing charges that he stole the code that’s the basis for his massivelysuccessful social network site.   The court date this week in Boston has been brought by brothers Cameron and Tyler Winklevoss and Divya Narenda, who claim that Zuckerberg, whom they asked tohelp them create a college social networking site in 2002, when they were all students at Harvard, stole the code he’d created for them, along with the business plan and design.  Zuckerberg went on to create Facebook, for which he turned down a $1 billion offer from Yahoo, while the site created by the other, called ConnectU,hasn’t fare as well, with just 70,000 users, compared to Facebook’s 31 million.   The trio first brought suit against Zuckerberg in 2004, but that was thrown out because of atechnical error. The charges this time remain essentially the same, with the three saying Zuckerberg was a full but unpaid member of their team whom they accuse of copyright infringement, thestealing of trade secrets, breach of contract and fraud.   They’re asking for Facebook to be shut down, along with a transfer to them of Zuckerberg’s assets, and additional money to bepaid as damages.   Realistically, Facebook is unlikely to be closed by any judge. If found guilty, Zuckerberg will likely have to pay a monetary penalty instead. However, he’s claimed thathe’s innocent; in an article he said, “there is really good documentation of this: our code base versus theirs.”

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