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Winklevoss twins made $65 million on Facebook “copycat” settlement
VentureBeat —
... The news leaked out through a brochure made by business litigation law firm Quinn Emanuel to advertise its money-winning ability. Here’s what we know, per a law publication called The Recorder (Facebook tells me “We can’t comment on a confidential agreement”). ...
Winklevoss Brothers, Mark Zuckerberg Has Sent You a $65 Million Gift
Digital Daily —
... “Lawyers in the heavyweight fight had expended great effort to keep the settlement secret — even going as far as persuading a judge to clear the courtroom of reporters on one occasion,” The Recorder reports. “But ConnectU’s former lawyers from Quinn Emanuel Urquhart Oliver & Hedges published the settlement amount in a firm advertisement trumpeting the firm’s prowess. “WON $65 million settlement against Facebook” appears, along with dozens of other Quinn outcomes from last year, in the firm’s January business litigation ...
Did ConnectU's founders really get $65 million from Facebook?
Webware.com —
... A Law.com article dug up the brochure and its claim, and has posted a .pdf file on the Web. According to the same article, principals at the law firm now regret posting the results. Meanwhile, ConnectU remains in a fee dispute with Quinn Emanuel, a fact which came to light when ...
Did ConnectU's founders really get $65 million from Facebook?
The Social —
Talk about spilling the beans: A marketing brochure for law firm Quinn Emanuel Urquhart Oliver & Hedges, which represented would-be social network ConnectU in its much-publicized suit against Facebook, claimed that the final settlement netted the site's founders a handsome $65 million in Facebook stock and cash.
Oops.
A Law.com article ...
Facebook Paid ConnectU Founders $65 Million Settlement
Silicon Alley Insider —
... Facebook's settlement with ConnectU, whose founders include twin brothers Cameron and Tyler Winklevoss, was for $65 million, according to promotional material from their law firm, Quinn Emanuel Urquhart Oliver & Hedges, a law journal called The Recorder reports. (Via ...
Facebook Paid $65 Million Settlement In ConnectU Case
Silicon Alley Insider —
... Facebook's settlement with ConnectU, whose founders include twin brothers Cameron and Tyler Winklevoss, was $65 million, according to promotional material from their law firm, Quinn Emanuel Urquhart Oliver & Hedges, a law journal called The Recorder reports. (Via ...
Do the Winklevoss Brothers Own 16 Percent of Facebook? No, But They Got A Lot
All Facebook —
... ConnectU is a company that never ceases to haunt Facebook co-founder Mark Zuckerberg. According to an article published in The Recorder, the Winklevoss brothers (who founded ConnectU), were awared $65 million in their suit against Facebook. You may also remember that there was a follow-on suit as the brothers were provided with stock options based on Microsoft’s $15 billion valuation despite private Facebook stock trades that valued the company at around $4 billion. ...
Law Firm Blunder Reveals Value Of Facebook Payout To ConnectU: $65 Million
TechCrunch —
... The founders of ConnectU were apparently paid as much as $65 million in cash and Facebook stock to settle their longstanding dispute with Mark Zuckerberg and Facebook, according to an ad unearthed by The Recorder this morning. The advertisment was placed by Quinn Emanuel Urquhart Oliver & Hedges, the lawfirm that represented ConnectU founders Cameron and Tyler Winklevoss and Divya Narendr up until spring of last year, and includes a listing of all of Quinn’s successes over 2008, proclaiming that “It’s Our Opponents Who Need A Bailout.” Listed among ...
Settlement with ConnectU cost Facebook $65 million
L.A. Times Tech Blog —
... Emanuel Urquhart Oliver & Hedges represented ConnectU, a social networking site, in its case claiming that Zuckerberg stole its ideas in creating Facebook. The details of the settlement were supposed to be confidential, but the firm released a newsletter stating that the case had netted its clients -- twin brothers Tyler and Cameron Winklevoss, who started ConnectU -- $65 million in cash and stock options.
Legal publication The Recorder got the scoop and posted the newsletter (PDF), which lists its recent court ...
Facebook Settlement Revealed by Incompetent Lawyers
Gawker: valleywag —
... The law firm of Quinn Emanuel Urquhart Oliver & Hedges included the amount of the Facebook settlement in a list of legal victories published in its January newsletter — despite having been ...
Oops! Facebook’s sealed settlement leaked
Between the Lines —
... - on a marketing brochure for the legal firm that represented ConnectU. The number that was supposed to stay a secret: $65 million. Of course, that’s just an estimate of the settlement, which was a mix of cash and Facebook stock. John Quinn, chairman of the firm Quinn Emanuel Urquhart Oliver & Hedges asked The Recorder, a legal news site that first reported the leak, to not publish the amount, citing the confidentiality of the deal. The firm no longer represents ConnectU and instead is in engaged in a battle over fees owed. The two sides are now in arbitration. A settlement ...
Cameron Winklevoss, Tyler Winklevoss, Divya Narendra Of ConnectU Get $65 Million Lawsuit Settlement From Facebook
Pulse2 - Technology News And Reviews —
... “Sixty-five million is a significant sum — it’s certainly more than the cost of the defense,” stated Chris Scott Graham, IP litigator for Dechert. “But it’s a very small percentage of [Facebook's] valuation and therefore could be argued by Facebook to be a payment based on considerations other than the merits of the claims.” Dechert was not involved in the case. ...
ConnectU Counsel Claims “$65 Million” Facebook Settlement
Inside Facebook —
... last April, has claimed in a marketing brochure for the firm that the amount of the settlement totaled “$65 million,” according to Law.com. ...
Law Firm Lets Slip $65 Million Facebook Settlement
eWeek - RSS Feeds —
... to build what is now the worlds largest social networking site. ConnectUs legal representation, law firm Quinn Emanuel Urquhart Oliver & Hedges, accidentally disclosed the terms of the settlement in a marketing brochure, according to the legal publication The Recorder . Buried among dozens of other successful legal battles promoted in the firms January business litigation newsletter reads "WON $65 million settlement against Facebook", which can be viewed on The Recorder s Web site . ConnectU vs. Facebook , settled in August 2008 and approved by Judge James Ware of ...
Facebook founder paid $65m settlement to classmates
Betanews —
Facebook founder paid $65m settlement to classmates by Jacqueline Emigh February 11, 2009, 10:20 AM Facebook founder Mark Zuckerberg paid $65 million to two former Harvard classmates who claimed he stole their idea for a social networking site, a law firm has revealed. The settlement amount in the suit waged by Cameron and Tyler Winklevoss, Zuckerberg's ex-classmates, was supposed to be confidential. [image] But a legal publication named The Recorder spotted the settlement sum in a newsletter put out by the Winklevoss brothers' legal team, the law firm ...
Facebook Suit Settlement Leaked
Today @ PC World —
... law firm for the case, Quinn Emanuel Urquhart Oliver & Hedges, mistakenly published the settlement in a marketing brochure. Whoops! "In 2008 Quinn Emanuel Remained A Great Investment..." the brochure reads, "It's Our Opponents Who Needed A Bailout." The brochure details various large court settlements from last year. About midway down the page the brochure says, "Won $65 million settlement against Facebook." facebook, legal, connectu The news was broken by legal newsletter, The Recorder , and a copy of the marketing ...
Facebook-UConnect Settlement Valued At $65 Million
InformationWeek - All Stories And Blogs —
... skills: The law firm representing the former Harvard students who sued Facebook CEO Mark Zuckerberg reportedly received $65 million to settle the litigation. The law firm representing Facebook's challengers, Harvard students like Zuckerberg, reported in a newsletter that $65 million was paid out by Facebook, according to The Recorder , a legal publication. The litigation was settled last summer with UConnect standing to receive an award of cash and Facebook stock, but the actual value of the deal was supposed to be confidential. Zuckerberg was challenged by the Winklevoss ...
Facebook-UConnect Settlement Valued At $65 Million
TechWeb —
... skills: The law firm representing the former Harvard students who sued Facebook CEO Mark Zuckerberg reportedly received $65 million to settle the litigation. The law firm representing Facebook's challengers, Harvard students like Zuckerberg, reported in a newsletter that $65 million was paid out by Facebook, according to The Recorder , a legal publication. The litigation was settled last summer with UConnect standing to receive an award of cash and Facebook stock, but the actual value of the deal was supposed to be confidential. Zuckerberg was challenged by the Winklevoss ...
Report: Appraisal Set Facebook Value At $3.7 Billion
paidContent —
... In an odd piece of symmetry, the lawsuit is in the news for another reason: legal pub The Recorder reported that Quinn Emanuel Urquhart Oliver & Hedges, the law firm representing the twins, published a brochure bragging about the $65 million settlement obtained in the case. Tiny problem—the amount was supposed to be confidential. Also, the law firm was no longer working for twins when the judge finalized the settlement and is now in a fee dispute. ...
Facebook paid ConnectU trio $65 million
p2pnet news —
... social network, which he later expanded to other campuses and then the world. Now Facebook allows you to throw sheep and otherwise annoy millions of your closest personal friends, making Zuckerberg a paper billionaire, while ConnectU languishes in obscurity.
ConnectU thought that smelled fishier than a three-day-old mackerel, so they sued Zuckerberg for allegedly stealing their source code.
It all went away, but Law.com says the trio didn’t go empty-handed.
‘Facebook paid the founders of ConnectU ...
