Twins Drop Facebook Lawsuit Detailed In Hit Movie

SAN FRANCISCO (CBS / AP) — The Harvard University classmates of Facebook founder Mark Zuckerberg are ending the legal battle made famous by the Hollywood movie “The Social Network.”

In a one-paragraph court filing Wednesday, Cameron and Tyler Winklevoss said they would accept a settlement that was worth $65 million when agreed upon in 2008.

The twins had sought to undo the settlement of $20 million cash and $45 million in stock.

The 9th U.S. Circuit Court of Appeals ruled against the twins, saying they had been represented by a squadron of Silicon Valley lawyers and their father, a noted business professor.

The twins said Wednesday they would forgo a trip to the U.S. Supreme Court.

Their stock is now worth more than $100 million.

(Copyright 2011 by CBS San Francisco. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services may have contributed to this report.)


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