Contact Us
Greenwich Daily Voice serves Greenwich, CT

Menu

Greenwich Daily Voice serves Greenwich, CT
news

Greenwich Twins Lose Facebook Appeal

A federal appeals court ruled Monday that Tyler and Cameron Winklevoss of Greenwich cannot undo a 2008 settlement reached over the creation of the social networking site Facebook, The Associated Press reported.

The twin brothers, former Harvard classmates of Facebook founder Mark Zuckerberg, had argued that they were misled about the site’s value when they signed the agreement. The original deal, calling for a $20 million cash payment and partial ownership of Facebook, is now worth more than $160 million because of Facebook’s success, the AP said.

The U.S. Circuit Court of Appeals ruled Monday that the duo knew what they were agreeing to in the original settlement, upholding a lower court decision. Lawyers for the twins said they would review the decision before taking further action.

What do you think of the Winklevoss twins/Facebook controversy?

to sign up for Daily Voice's free daily emails and news alerts.

Welcome to

Greenwich Daily Voice!

This is a one time message inviting you to keep in touch

Get important news about your town as it happens.