Winklevosses lose in court, again

Posted by Emma Woollacott

The Winklevoss twins have again failed to convince a judge that, actually, they should have owned a good chunk of Facebook.

On Friday, Facebook persuaded US District Court Judge Douglas Woodlock in Boston to dismiss the twins' lawsuit, aimed at increasing the $65 million settlement they've already received.

Cameron and Tyler Winklevoss were demanding that Facebook turn over documents that they claimed were suppressed during the original settlement agreement, including instant messages between themselves and Mark Zuckerberg.

The case has been rumbling on since 2004. The twins claim that they had the original idea for Facebook, and that a 2008 settlement was invalid because they'd been misled about the value of the company's shares.

But the Winklevosses still aren't giving up. After the judgement, their lawyer, Tyler Meade, told the Wall Street Journal that they'd expected to fail.

Now, he says, they plan to file a special motion, known as a 60(b), which calls for a judgment to be overturned when a fraud has taken place. It's not clear what that 'fraud' might be.

It's not been a great week for the pair. Last week, Harvard president Larry Summers referred to them as 'a**holes' - a description they found deeply hurtful.

Do you think they'll sue?