Judge Orders ConnectU To Pay Its Former Lawyers $13 Million In Facebook Case


 

The lawsuit against Facebook was filed in 2004, and a settlement agreement for both cases was reached in February, 2008, valued at $65 million. In May 2010, it was reported that ConnectU was accusing Facebook of securities fraud on the value of the stock that was part of the settlement, alleging the stock was worth $11 million instead of $45 million that the social networking giant had proclaimed.

The Winklevoss twins and Darendra then moved to get the settlement undone.

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