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Winklevoss Twins lose appeal

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Tyler and Cameron Winklevoss, the creators of Harvard’s ConnectU who claimed Mark Zuckerberg stole their idea for a social networking website, saw their appeal against the Facebook creator rejected Monday. Bloomberg reports an 11-judge panel upheld a previous ruling, which stated that the Winklevoss twins (or, as Jesse Eisenberg’s Zuckerberg famously called them in The Social Network, “the Winklevi”) must accept their $65 million settlement reached in 2008. UPDATE: The Winklevoss twins intend to bring the case in front of the Supreme Court. According to a statement from their lawyer, Jerome B. Falk, Jr., “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.”

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