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Lawsuit Seeks Share of $65M Facebook Settlement

By Robert J. Ambrogi

In 2004, three former Harvard students sued their former classmate, Facebook founder Mark Zuckerberg, claiming that he had copied their ideas. The three -- Divya Narendra, Cameron Winklevoss and Tyler Winklevoss -- were owners of the social networking site HarvardConnection, which they later renamed ConnectU. In 2008, the parties reached a settlement. Although the amount of the settlement was supposed to be secret, it slipped out when ConnectU's former law firm put out a marketing brochure trumpeting, "Won $65 million settlement against Facebook." Now, a Boston software developer wants a slice of that $65 million. Wayne Chang and his company, The i2hub Organization, have filed a lawsuit in federal court in Boston against ConnectU; its founders; its law firm, Finnegan, Henderson, Farabow, Garrett & Dunner; and Scott R. Mosko, a partner in Finnegan's Palo Alto office. As reported in The National Law Journal, Chang alleges that he entered into a memorandum of understanding with ConnectU giving him a 15 percent share of the company in exchange for integrating i2hub's peer-to-peer file-sharing software and ConnectU's Web site. He also claims that he and the two Winklevoss brothers formed a partnership to co-own and operate ConnectU. That partnership, Chang alleges, entitles him...

Full post as published by Legal Blog Watch on January 20, 2010 (boomark / email).