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Winklevi going to the Supreme Court

WINKLEVI WON’T QUIT: The Winklevoss twins will take their legal crusade against Mark Zuckerberg to the U.S. Supreme Court, after the Ninth Circuit Court of Appeals rejected their appeal for a rehearing of their case. For those who still haven’t seen the movie, the Winklevi were awarded $65 million in a 2008 settlement of their original suit but have since argued that they were misled about the value of Facebook stock at the time, and were thus seriously shorted. Said Jerome Falk, the twins’ attorney: “Settlements should be based on honest dealing, and courts have wisely refused to enforce a settlement obtained by fraudulent means. The court’s decision shut the courthouse door to a solid claim that Facebook obtained this settlement by committing securities fraud. Our petition to the Supreme Court will ask the high court to decide whether that door should be reopened.” (5/18a)

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