Facebook-ConnectU Lawsuits May Be Settled

Since the terms of the settlement remain unknown – and indeed, the settlement doesn’t even seem to have occurred yet – it’s hard to say which side won.  But in any event, both Facebook and the founders of ConnectU appear ready to abandon their lawsuits.

 Zuckerberg’s Facebook Soon Free Of Lawsuits?

Brad Stone spoke to "[a] person briefed on the status of dueling lawsuits," and from this person, received word of a settlement.  Although it would help to know exactly who’s involved, Stone’s reputation is quite good, and he added, "[A]ll motions in the case against ConnectU have been terminated."

Facebook should be glad to resolve this issue; even if the claims of Divya Narendra and Cameron and Tyler Winklevoss were questionable, a suit over something as basic as the company’s founding had to be embarrassing.  It’s not the sort of thing that investors would appreciate, either, if Facebook continues look for funding.

All lawsuits will get dismissed "within weeks," according to Stone’s source.  Facebook’s been keeping its corporate mouth shut (Facebook Chat aside), but we’ll keep an ear out for dollar figures, should they ever emerge.