VOTE: Have The Winklevosses Gone Too Far?
The U.S. Court of Appeals for the Ninth Circut begins hearing oral arguments in Cameron and Tyler Winklevoss' appeal of their $65 million settlement with Facebook. Here's your chance to vote on whether they're taking their legal pursuit of the company too far, and see how your opinion compares with what other readers think.
Today oral arguments begin in Cameron and Tyler Winklevoss’ appeal of their $65 million settlement with Facebook. Their suit alleges that the company engaged in securities fraud by awarding the twins less than what the company is worth.
The stakes seem higher than ever, now that the social network faces pressure to have an initial public offering as early as 2012. The potential upside from an IPO might make the current implied valuation of $50 billion seem modest by comparison, and that will doubtlessly keep the Winklevosses motivated in court.
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