The former Harvard classmates of Facebook founder Mark Zuckerberg are appealing a federal court of appeals decision.
The Ninth Circuit Court recently ruled Cameron and Tyler Winklevoss are bound by a 2008 settlement totalling 65-million dollars they hammered out with Facebook. The Winklevosses had claimed Zuckerberg pirated their concept when he created Facebook. Now “Wired” magazine reports they are asking for a full panel of judges from the Ninth Circuit to revisit the ruling. The twins say Facebook committed securities fraud by not providing relevant information about its stock price in the settlement negotiations. They claim the court’s recent ruling ignored federal precedent about fraudulent settlements.