At long last, Tyler and Cameron Winklevoss have given up. The twins, who have spent years challenging Facebook in court, have decided they won’t ask for Supreme Court review of their recent court loss after all.
The Winklevosses accused Mark Zuckerberg of stealing their idea for Facebook, a legal challenge that was made famous by last year’s hit movie, The Social Network. The Winklevosses set up a Harvard social site called ConnectU that didn’t ultimately go anywhere.
The movie ended with the Winklevosses taking a settlement in 2008 that was worth $65 million in cash and Facebook stock-a settlement now worth well over $100 million, because of the growing valuation of Facebook stock. But in real life, the litigation didn’t really end. The twins asked for a “do-over” claiming they were swindled by the settlement and thought it was worth much more. That dragged on, but the twins ultimately lost at the U.S. Court of Appeals for the 9th Circuit after a hearing earlier this year.
Apparently the twins and their lawyer finally realized that the continued appeal was going nowhere, and that the Supreme Court-which typically grants less than 1% of the petitions sent to it every year-were not going to waste their time dealing with the details of securities law that the twins kept harping on.
The twins’ lawyer declined to comment to the NYT on their decision. In a statement, Facebook told paidContent: “We’ve considered this case closed for a long time, and we’re pleased to see the other party now agrees.”