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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...
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...
Jun 26, 2008 · A federal judge just issued a ruling that may finally end the legal dispute between social networking companies Facebook and ConnectU.
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...
ConnectU's lawsuit against Facebook to quadruple its settlement remains ongoing. In January 2010, it was reported that 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.
