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- Facebook Inc. reportedly paid out $65 million to settle a lawsuit filed against it by the founders of ConnectU Inc. The suit had charged that Facebook founder and CEO Mark Zuckerberg pilfered their business ideas while a student at Harvard University.
www.computerworld.com/article/1581529/facebook-connectu-reportedly-reach-65-million-settlement.html
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Feb 11, 2009 · Facebook Inc. reportedly paid out $65 million to settle a lawsuit filed against it by the founders of ConnectU Inc. The suit had charged that Facebook founder and CEO Mark Zuckerberg pilfered...
On December 21, 2009, i2hub founder Wayne Chang and The i2hub Organization launched a lawsuit against ConnectU and its founders, Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra, seeking 50% of the settlement.
Feb 12, 2009 · Under their settlement, Facebook agreed to pay ConnectU $20 million in cash and 1,253,326 shares of common stock. The stock was worth $45 million, based on the Microsoft valuation, but only $11...
Feb 10, 2009 · The case was settled last year, but then the ConnectU founders, who include the Olympian brothers Cameron and Tyler Winklevoss, contested that settlement, claiming that part of it was in...
Jun 26, 2008 · Late Wednesday, Judge James Ware of Federal District Court in San Jose, Calif., sided with Facebook, enforcing a February settlement between the companies and dismissing ConnectU’s allegations...
Apr 7, 2008 · Facebook has retorted with allegations that ConnectU's suit is unfounded--as well as a countersuit claiming that ConnectU mined Facebook's user data to recruit more members. Indeed, the...
Feb 10, 2009 · 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...
