Fresh Off Court Win, Facebook Faces Yet Another Founder Suit

Former Zuckerberg partner claims new evidence shows he owns half of social network giant

Just when Facebook thought their legal troubles were over, an old suit against Mark Zuckerberg has resurfaced. Zuckerberg may have gotten the Winklevi off his back (for now, at least), but now erstwhile partner Paul Ceglia has resurfaced with new evidence to support an old claim that he is a co-owner of the social networking site.

Last July, Ceglia produced a copy of a contract created back in 2003 (before Facebook was even launched) that mentioned two payments made by Ceglia to Zuckerberg: the first for Zuckerberg’s work on a website owned by Ceglia called StreetFax, the second for an investment in “the face book” giving Ceglia 50% ownership of the company, which included penalties for late completion of the site that would increase Ceglia’s ownership percentage over time.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in