Winklevoss Twins Lose Appeal Over Facebook Settlement
The 9th U.S. Circuit Court of Appeals ruled on Monday that Facebook founder Mark Zuckerberg's Harvard classmates Tyler and Cameron Winklevoss "were savvy enough to understand what they were agreeing to" when they inked a 2008 $20 million cash deal over the social networking site, and "can't undo the settlement," reports the Associated Press.
The Winklevoss twins alleged they were "misled" about the value of Facebook when they agreed to settle the lawsuit claiming Zuckerberg stole their idea for the site. "Monday's ruling upholds a lower court decision enforcing the settlement," notes the AP.