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Facebook And ConnectU Reach Settlement

As with most legal battles, the ConnectU suit against Facebook has begun to drag out: first filed in September 2004, the legal battle over who originally created the source code for Facebook is still ongoing. Last July, a Massachusetts Federal judge ruled that ConnectU needed concrete evidence to bring their suit.

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.