Sunday, April 17, 2011

Another Facebook Lawsuit

Here comes Paul Ceglia with an amended complaint claiming that he owns a large share of Mark Zuckerberg’s  Facebook. The Wall Street Journal’s blog offers this summary:

The outline of the complaint is this: Mr. Ceglia says he and Mr. Zuckerberg signed a contract in 2003 in which he paid $1,000 to the then-Harvard freshman to work on a site called Streetfax and $1,000 for work on “the Face Book.” The agreement also called for Mr. Ceglia to get a 50% stake in the Face Book, plus an additional 1% for every day after Jan. 2004 until it was completed.

According to the complaint, the two men had email discussions about how to make money from the Face Book. And on Nov. 22, 2003, the complaint says, Mr. Zuckerberg sent an email with the subject line “Urgent! Let’s Talk” that seems to reference meetings with the Winkelvoss twins, of other-Facebook-lawsuit fame.

The blog includes a number of  excerpts from alleged emails as well as link to the amended complaint. Ceglia is represented by DLA Piper a major law firm, suggesting that the allegations may have some credence.


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2003? 2004? what ever happened to the notion of a Statute of Limitations?

Posted by: Expiditus | Apr 17, 2011 4:51:10 PM

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