Winklevoss Twins Lose Appeal

Tuesday, 12 April 2011 | by Pat's Picks

The judge called it a case of “settler’s remorse.” The Wall Street Journal says the Winklevoss twins just lost an appeal to rejigger their settlement with Facebook. Concluding that “at some point, litigation must come to an end,” the judge said the twin’s must live with the $20 million in cash and $45 million in Facebook stock they received back in 2008. The brothers, whose fight was the premise of “The Social Network,” contend that they were misled about the real value of Facebook at the time of their initial settlement.