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Twins drop Facebook lawsuit

2011-06-23 11:39
 
Cameron and Tyler Winklevoss

San Francisco - The Harvard University classmates of Facebook co-founder Mark Zuckerberg are ending the legal battle made famous by the Oscar-wining movie The Social Network.

In a one-paragraph court filing on Wednesday, Cameron and Tyler Winklevoss (played by Armie Hammer and Josh Spence in the movie) said they would accept a settlement that was worth $65m when agreed upon with Zuckerberg (played by Jesse Eisenberg) in 2008.

The twins had sought to undo the settlement of $20m cash and $45m in stock.

The 9th US Circuit Court of Appeals ruled against the twins, saying they had been represented by a squadron of Silicon Valley lawyers and their father, a noted business professor.

The twins said on Wednesday they would forgo a trip to the US Supreme Court.

Their stock is now worth more than $100m.

- AP

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