Tuesday, April 12, 2011

Circuit Won't Reopen Facebook Settlement

The Winklevosses are not the first parties bested by a competitor who then seek to gain through litigation what they were unable to achieve in the marketplace," Chief Judge Alex Kozinski wrote for the unanimous panel. "And the courts might have obliged, had the Winklevosses not settled their dispute and signed a release of all claims against Facebook."

The 9th Circuit has rejected an effort by ConnectU's founders to undo a settlement that had ended scorched-earth litigation with Facebook. "At some point, litigation must come to an end," Chief Judge Alex Kosinski wrote. "That point has now been reached."

Did you see the movie?  I wouldn't have given Winklevoss twins a dime- just a kick in the ass!