In a victory for Thomson Reuters, a state judge tentatively ruled that the University of California must try to obtain and then disclose closely guarded information on the investment performance of VC funds managed by Kleiner Perkins Caufield & Byers and Sequoia Capital.
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Kleiner Perkins didn’t disappoint those eager to hear its response to claims by Partner Ellen Pao that the firm had discriminated against her because of her gender. Its seven-page legal answer refutes every claim made against it.
News that one of Kleiner Perkins Caufield & Byers’ female partners sued the firm for gender discrimination has tarnished the image of the storied firm, according to a peHUB poll.
Sequoia Capital generated positive investment returns for its 1999 and 2000 funds, defying a period of financial turmoil that doomed most dot-com era venture funds, peHUB has learned.
Yahoo is “seeking to force Facebook into licensing 10 to 20 patents over technologies that include advertising, the personalization of Web sites, social networking and messaging,” according to the New York Times.
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Mark Zuckerberg this week prevailed in a suit brought by Tyler and Cameron Winklevoss, but another lawsuit against the Facebook founder gained new life.
Earlier this week, the Ninth Circuit Court of Appeals ruled that the Winklevoss twins can’t undo a settlement with Facebook. The twins had sued Zuckerberg, claiming he stole their idea for Facebook after they brought him on as a developer for a Harvard social network. The twins agreed to settle the case for $65 million in cash and stock, but they later went back to court, saying the settlement was unfair because Facebook hid information from them about the company’s true value. (Facebook is currently valued at more than $50 billion on secondary market exchanges.) The high court said the twins were outsmarted fair-and-square and should just accept the deal.
(Reuters) – Mark Zuckerberg won the latest legal battle against former Harvard classmates who accuse him of stealing their idea for Facebook, a multimillion-dollar feud made famous on the silver screen. Cameron and Tyler Winklevoss must accept a settlement with Facebook that had been valued at $65 million, a U.S. appeals court ruled on Monday. [...]