If you’ve seen the movie “The Social Network,” then you’re familiar with Cameron and Tyler Winklevoss, the twin brothers who accused Mark Zuckerberg of stealing their idea. Zuckerberg and the entire Facebook organization have always denied the charges, but the twins did walk away with a $65 million settlement ($20 million in cash, $45 million in Facebook shares). The only problem is, they forgot to walk away.
Now the two brothers are trying to convince a U.S. appeals court to negate the settlement so they can go after more money, Reuters reports. The argument is that based on an internal valuation that Facebook didn’t disclose, they’re owed more shares than what they received.
As far as Facebook is concerned, they’re under no obligation to release those figures, and if the Winklevoss twins were interested in that info, they should have asked for it at the time of the settlement. This do-over that they’re seeking is the result of them “suffering a bout of settlers’ remorse.”
A federal trial court judge has already refused let the twins (along with friend Divya Narendra, the three of which formed a company called ConnectU while at Harvard) out the original settlement, and the case is now being heard at the 9th Circuit.