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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...
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...
Feb 10, 2009 · A law firm violated confidentiality terms when it bragged about getting a $65 million settlement from Facebook for ConnectU–and the deal probably wasn’t worth that much anyway.
Jun 26, 2008 · A federal judge just issued a ruling that may finally end the legal dispute between social networking companies Facebook and ConnectU. They reached a confidential settlement earlier this...
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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.