new legal drama
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

The Facebook saga grows

New legal drama

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today New legal drama

San Francisco - AFP
Arabstoday

                                                       Mark Zuckerberg San Francisco - AFP The drama of the Facebook story heightened as a man with a shady past used old emails and a powerful law firm to press his claim to half the online social networking firm.
A legal claim filed last year by Paul Ceglia and deemed dubious by many was being re-evaluated after lawyers at DLA Piper amended the complaint to include emails that appear to back the New York State man's position.
Ceglia contended that he hired then Harvard University student Mark Zuckerberg in 2003 to do software coding for a StreetFax website and wound up providing seed money for what Zuckerberg than called "the face book."
Evidence presented by Ceglia, whose background includes criminal charges for fraud and a conviction for possession of hallucinogenic mushrooms, included a signed contract and email exchanges.
"This is a fraudulent lawsuit brought by a convicted felon, and we look forward to defending it in court," Facebook lawyer Orin Syder of Gibson, Dunn & Crutcher said in a statement.
"From the outset, we've said that this scam artist's claims are ridiculous and this newest complaint is no better."
Ceglia claims he provided Zuckerberg with $2,000 in exchange for half of what is now Facebook, which boasts more than 600 million members and was recently valued at $50 billion.
DLA Piper has defended the integrity of the email, saying it conducted tests to confirm the exchanges were not altered.
Zuckerberg reportedly did work on StreetFax for Ceglia, but Facebook wasn't part of the deal.
Zuckerberg signed a contract with Ceglia in April 2003 for "the purchase and design" of a live Harvard yearbook website with the working title of "The Face Book," according to the lawsuit.
Ceglia has maintained that he forgot about the matter until coming across the contract while defending himself against charges that he defrauded customers of his wood pellet business.
Ceglia's amended complaint was separate from a lawsuit by Tyler and Cameron Winklevoss that became fodder for Hollywood film "The Social Network."
A US appeals court ruled on Monday that the Winklevoss twins can't back out of the settlement deal they made in a lawsuit charging that Zuckerberg stole their idea for Facebook.
"The Winklevosses are not the first parties bested by a competitor who then seek to gain through litigation what they were unable to achieve in the marketplace," the 9th US Circuit Court of Appeals said.
"At some point, litigation must come to an end," the court said. "That point has now been reached."
The Winklevoss brothers claim they enlisted Zuckerberg to finish software code for their ConnectU social-networking website while they were all students at Harvard University in 2003.
Zuckerberg, a second year student at the time, took their code and their idea and launched Facebook in February 2004 instead of holding up his end of the deal, according to the brothers. Facebook rejects that account.
The twins inked a settlement two years ago that got them $20 million in cash and $45 million worth of stock valued at $36 per share.
The value of that yet-to-be-issued stock has skyrocketed along with Facebook's estimated market value, the judges noted in their ruling.
The brothers challenged the settlement, which was supposed to be confidential, on the grounds that Zuckerberg suckered them during settlement talks by not revealing Facebook internally valued the stock at $9.
The lower figure would have resulted in the Winklevoss twins getting many more shares.
The Winklevoss brothers based the value of Facebook stock on news that months earlier technology giant Microsoft had bought a small piece of the social networking star in a deal that valued the stock at just shy of $36 and the company at $15 billion.
While the cases are not related, forensic analysis of Zuckerberg's computer hard drives and emails could wind up used to either back up or debunk Ceglia's claim in court.
Computers Ceglia used for any exchanges with Zuckerberg would also be fair game as potential evidence.

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

new legal drama new legal drama

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

new legal drama new legal drama

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more

GMT 10:24 2016 Wednesday ,23 March

cartoon fifteen

GMT 10:20 2016 Wednesday ,23 March

cartoon ten

GMT 10:23 2016 Wednesday ,23 March

cartoon fourteen

GMT 10:21 2016 Wednesday ,23 March

cartoon eleven

GMT 10:22 2016 Wednesday ,23 March

cartoon thirteen

GMT 10:17 2016 Wednesday ,23 March

cartoon six

GMT 09:56 2016 Wednesday ,23 March

cartoon one

GMT 10:19 2016 Wednesday ,23 March

cartoon nine

GMT 10:16 2016 Wednesday ,23 March

cartoon five

GMT 10:18 2016 Wednesday ,23 March

cartoon seven

GMT 09:58 2016 Wednesday ,23 March

cartoon three

GMT 09:58 2016 Wednesday ,23 March

cartoon four

GMT 10:22 2016 Wednesday ,23 March

cartoon twelve

GMT 10:18 2016 Wednesday ,23 March

cartoon eight

GMT 13:26 2014 Thursday ,18 September

Hamilton and Rosberg welcome sound of F1 radio silence

GMT 12:09 2012 Tuesday ,17 April

Hacked Lebanese websites back online

GMT 17:54 2016 Saturday ,03 September

NASA approves launch of delayed Mars lander in 2018

GMT 12:11 2017 Monday ,13 February

‘Waleed, you’re going to come back’
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday