Winklevoss twins abandon appeal of Facebook ruling

Reuters News
|
Posted: Jun 22, 2011 6:11 PM
Winklevoss twins abandon appeal of Facebook ruling

NEW YORK (Reuters) - The Olympic rowing twins Cameron and Tyler Winklevoss have decided not to appeal to the Supreme Court a ruling upholding a $65 million cash-and-stock settlement reached with Facebook Inc.

The 2008 settlement was intended to address the twins' claims that Facebook founder Mark Zuckerberg stole their idea for what has become the world's most popular social networking website.

Cameron and Tyler Winklevoss later maintained that the $65 million accord was fraudulent because Facebook hid information from them and believed they deserved more money.

In a filing on Wednesday with the federal court in San Francisco, the Winklevosses said that after "careful consideration," they decided not to seek Supreme Court review of the settlement.

(Reporting by Jonathan Stempel; editing by Andre Grenon)