Twins drop Facebook lawsuit detailed in hit movie
Cameron, left, and Tyler Winklevoss, founders of social networking website ConnectU, leaving the U.S. Court of Appeals for the Ninth Circuit in San Francisco in January, decided on June 23, 2011, not to go to the U.S. Supreme Court with their bid to get out of a deal they made in a lawsuit charging that Mark Zuckerberg stole their idea for Facebook. (Jan. 11, 2011) Credit: AFP/Getty Images
The Harvard University classmates of Facebook founder Mark Zuckerberg are ending the legal battle made famous by the Hollywood movie “The Social Network.”
In a one-paragraph court filing Wednesday, Cameron and Tyler Winklevoss said they would accept a settlement that was worth $65 million when agreed upon in 2008.
The twins had sought to undo the settlement of $20 million cash and $45 million in stock.
The 9th U.S. Circuit Court of Appeals ruled against the twins, saying they had been represented by a squadron of Silicon Valley lawyers and their father, a noted business professor.
The twins said Wednesday they would forgo a trip to the U.S. Supreme Court. Their stock is now worth more than $100 million.
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