Sorry ConnectU, that Facebook settlement is all yours

    June 26, 2008
    WebProNews Staff

There won’t be a second look at a settlement ConnectU’s founders agreed to despite claims of new evidence against Mark Zuckerberg and Facebook.

Caveat emptor, as the saying goes. The owners of ConnectU, who have long claimed their hiring of Zuckerberg as programmer led to him developing Facebook on their time, won’t get a second chance to enrich their existing settlement with the social networking company.

Facebook released a statement about the court’s decision, where the presiding judge previously chided Cameron and Tyler Winklevoss over buyer’s remorse:

“We are happy that Judge Ware enforced the agreement settling our dispute with the ConnectU founders. ConnectU’s founders were represented by six lawyers and a professor at Wharton Business School when they signed the Settlement Agreement. The ConnectU founders understood the deal they made, and we are gratified that the Court rejected their false allegations of fraud. Their challenge was simply a case of ‘buyers remorse,’ as described by the Boston Court earlier this month.”

“We were disappointed that we had to litigate the settlement, as we believed we were caught in the middle of a fee dispute between ConnectU’s founders and its former counsel. Nevertheless, we can now consider this chapter closed and wish the Winklevoss brothers the best of luck in their future endeavors.”

All that was missing was a hearty “see ya, wouldn’t want to be ya” from Facebook.