AP: Facebook Settled ConnectU Case for $20 Million in Cash + 1.25 Million Shares of Stock
Yesterday, we reported the story from Law.com in which Quinn Emmanuel, counsel for ConnectU in its case against Facebook, claimed in a marketing brochure that its settlement in the Facebook suit was valued at “$65 million.” Today, the AP has uncovered additional data about the settlement by (of all things) copying and pasting text from a court document and accidentally finding redacted information.
According to the report, Facebook paid the founders of ConnectU $20 million in cash and 1.25
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