Facebook Paid $65 Million To Settle Suit Over Founding Of Site

February 10, 2009

Facebook appears to dished out 65 million to secretly settle a law suit claiming that founder Mark Zuckerberg stole the idea for the wildly popular site from fellow Harvard classmates.

ConnectU founders Cameron Winklevoss, Divya Narendra and Tyler Winklevoss

ConnectU founders Tyler Winklevoss, Divya Narendra and Cameron Winklevoss

The news was reported by the law blog, the Recorder, which spotted an advertisement attorney Quinn Emanuel put on a law firm Web site touting the agreement.

The ad claims: “WON $65 million settlement against Facebook.”

The dispute began when Cameron and Tyler Winklevoss and Divya Narendra, founders of ConnectU, hired Zuckerberg to help develop a dating site for students. They sued in 2004 claiming Zuckerberg had used information from the project to start his own site.

Facebook initially agreed to settle the matter last year by buying ConnectU. Several months later, a federal judge in San Jose tossed out an appeal to reopen the settlement.

ConnectU had fired Emanuel and are battling over fees, with Emanuel seeking $13 million.


Apple And IBM End Dispute As Papermaster Joins Apple

January 27, 2009

Apple said Tuesday that Mark Papermaster will lead the company’s iPhone and iPod engineering teams after all, ending a dispute with IBM over the veteran chip designer’s employment plans.

IBM chip designer joins Apple

IBM chip designer joins Apple

But he will not start until April 24, six months after leaving his former employer, IBM.

The two companies said they resolved a federal lawsuit that imposed a preliminary injunction barring him from joining Apple. IBM had sought the injunction to prevent the disclosure of confidential information to Apple.

Papermaster will join the Silicon Valley computer maker as a senior vice president of Design Hardware Engineering and report to CEO Steve Jobs

Under terms of the court settlement, he will have to certify to the court in July and October that he has not disclosed confidential information.

Papermaster was previously a vice president at IBM.


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