Winklevii Lose Again: Only Choice Now Is Supreme Court Appeal... Or Accept 'Just' $160 Million

from the poor-winklevii dept

Well, this is hardly a surprise. A month ago, Judge Kozinski told the Winklevoss twins (the "Winklevii") that they couldn't back out of their settlement agreement with Facebook and Mark Zuckerberg, which was worth "only" $160 million, saying, "At some point, litigation must come to an end. That point has now been reached." However, the Winklevii apparently couldn't just take their money and cry all the way to the bank, but asked the court for an en banc hearing (basically a rehearing of the appeal with all of the judges, rather than just a panel of three). As I stated at the time, I thought it would be a surprise if the court accepted this... and that was an easy call. The court has rejected the request without comment, meaning the only thing left to do is to appeal to the Supreme Court (well, or just take their $160 million...). Given how the Winklevii have acted up until now, it wouldn't surprise me at all to see them try to take this to the Supreme Court, though I can't fathom a situation under which the Supreme Court would care. This case was over a long time ago. It's just the Winklevii who haven't realized it yet.
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team

Filed Under: alex kozinski, appeal, en banc, ideas, winklevoss
Companies: connectu, facebook


Reader Comments

Subscribe: RSS

View by: Time | Thread


  • icon
    Michael Barclay (profile), 16 May 2011 @ 7:47pm

    Yes they will

    Law360 reports that they will go to the Supreme Court. Not that the Court will take the case.

    link to this | view in chronology ]

    • identicon
      Anonymous Coward, 17 May 2011 @ 5:00am

      Re: Yes they will

      I just wonder how long it will take to squander $160 million dollars on lawyers. I fully expect to see the Winklevii panhandling on Wall Street.

      link to this | view in chronology ]

      • icon
        ltlw0lf (profile), 17 May 2011 @ 10:15am

        Re: Re: Yes they will

        I fully expect to see the Winklevii panhandling on Wall Street.

        Not likely, unless their father finally decides to cut them off and remove their ability to call on his lawyers.

        link to this | view in chronology ]

  • identicon
    Anonymous Coward, 16 May 2011 @ 8:32pm

    it's all about keeping their names in print

    The longer they keep their names in print, the more personal exposure those douche bags gain.

    (Not to be snarky) But if they competed in a sport that was even remotely popular in their home country they may be contented with their own successes. Then again a billion dollars is a lot cooler than a million dollars.

    Maybe those ginger twins are really just still bitter they will always be out shined by the much cooler flying tomato.

    link to this | view in chronology ]

  • identicon
    Pixelation, 16 May 2011 @ 9:07pm

    Not about the money?

    Maybe it isn't about the money. Of course, then they should donate what they get to charity.

    link to this | view in chronology ]

    • icon
      Angry Puppy (profile), 17 May 2011 @ 12:49am

      Re: Not about the money?

      Oh, of course they'll donate all of the money...
      Bwahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaahahahahahahahahahahahahahaha hahahahahahahahahahahahahahahaha
      ...oops, I just pooped myself.

      link to this | view in chronology ]

  • identicon
    pdh, 17 May 2011 @ 4:16am

    I had to google who these guys were... yey for avoiding the film due to overhypedness.

    link to this | view in chronology ]

  • identicon
    chuck, 17 May 2011 @ 5:25am

    Winklevii...lol

    link to this | view in chronology ]

  • icon
    jsl4980 (profile), 17 May 2011 @ 5:56am

    You can't blame them. They're just gambling other people's money. If they gamble 1 or 2 million dollars on lawyers it could turn into hundreds of millions. I don't think that what they're doing is right, but it makes sense financially.

    link to this | view in chronology ]


Follow Techdirt
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Discord

The latest chatter on the Techdirt Insider Discord channel...

Loading...
Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.