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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. Facebook and ConnectU had agreed to a confidential settlement last year.
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...
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 · A federal judge just issued a ruling that may finally end the legal dispute between social networking companies Facebook and ConnectU.
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...
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.
The case began in 2004, when ConnectU's founders alleged in a lawsuit that the idea for Facebook was originally theirs, and accused Facebook founder Mark Zuckerberg of ripping off their...
