(Reuters) – Olympic rowing twins Cameron and Tyler Winklevoss are pushing ahead with another suit against Facebook, a day after they decided not to appeal a U.S. Supreme Court ruling upholding their $65 million settlement with Facebook and its founder Mark Zuckerberg.
In a status report filed on Thursday with the U.S. District Court of Massachusetts, the twins and their business partner, Divya Narendra, said they would move the court for discovery on whether Facebook “intentionally or inadvertently suppressed evidence” during settlement proceedings over claims that Zuckerberg stole their idea for a college social networking website.
The claim in the Massachusetts Court relates to documents and communications that would have thrown light on the exact relationship between the twins and Zuckerberg at the time of Facebook’s founding and says that Facebook should have disclosed those documents during the original settlement discussions.
The original settlement was intended to resolve a feud over whether Zuckerberg stole the idea for what became the world’s most popular social networking website from the Winklevosses, who like him had attended Harvard University. Their battle was dramatized in the 2010 film “The Social Network.”
After agreeing to the cash-and-stock accord, the Winklevosses sought to undo it, saying it was fraudulent because Facebook hid information from them, and that they deserved more money.
Tyler Meade, counsel for the Winklevoss twins and Narendra, declined to comment.
In a statement, Facebook’s outside counsel Neel Chatterjee said, “These are old and baseless allegations that have been considered and rejected previously by the courts.”
(Reporting by Jochelle Mendonca in Bangalore; Editing by Phil Berlowitz)
Find new deal opportunities, super-charge your fundraising efforts and track top managers with VCJ. Get your FREE trial! Or subscribe now!
Do you want exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more? Get your FREE trial to Buyouts! Or subscribe now!
Take your pick!
- Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more. Get your FREE trial or subscribe now.
- VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more. Get your FREE trial or subscribe now.