Winklevii Lose Again: Only Choice Now Is Supreme Court Appeal... Or Accept 'Just' $160 Million

from the poor-winklevii dept

Well, this is hardly a surprise. A month ago, Judge Kozinski told the Winklevoss twins (the "Winklevii") that they couldn't back out of their settlement agreement with Facebook and Mark Zuckerberg, which was worth "only" $160 million, saying, "At some point, litigation must come to an end. That point has now been reached." However, the Winklevii apparently couldn't just take their money and cry all the way to the bank, but asked the court for an en banc hearing (basically a rehearing of the appeal with all of the judges, rather than just a panel of three). As I stated at the time, I thought it would be a surprise if the court accepted this... and that was an easy call. The court has rejected the request without comment, meaning the only thing left to do is to appeal to the Supreme Court (well, or just take their $160 million...). Given how the Winklevii have acted up until now, it wouldn't surprise me at all to see them try to take this to the Supreme Court, though I can't fathom a situation under which the Supreme Court would care. This case was over a long time ago. It's just the Winklevii who haven't realized it yet.

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  • icon
    Michael Barclay (profile), 16 May 2011 @ 7:47pm

    Yes they will

    Law360 reports that they will go to the Supreme Court. Not that the Court will take the case.

    reply to this | link to this | view in chronology ]

    • identicon
      Anonymous Coward, 17 May 2011 @ 5:00am

      Re: Yes they will

      I just wonder how long it will take to squander $160 million dollars on lawyers. I fully expect to see the Winklevii panhandling on Wall Street.

      reply to this | link to this | view in chronology ]

      • icon
        ltlw0lf (profile), 17 May 2011 @ 10:15am

        Re: Re: Yes they will

        I fully expect to see the Winklevii panhandling on Wall Street.

        Not likely, unless their father finally decides to cut them off and remove their ability to call on his lawyers.

        reply to this | link to this | view in chronology ]

  • identicon
    Anonymous Coward, 16 May 2011 @ 8:32pm

    it's all about keeping their names in print

    The longer they keep their names in print, the more personal exposure those douche bags gain.

    (Not to be snarky) But if they competed in a sport that was even remotely popular in their home country they may be contented with their own successes. Then again a billion dollars is a lot cooler than a million dollars.

    Maybe those ginger twins are really just still bitter they will always be out shined by the much cooler flying tomato.

    reply to this | link to this | view in chronology ]

  • identicon
    Pixelation, 16 May 2011 @ 9:07pm

    Not about the money?

    Maybe it isn't about the money. Of course, then they should donate what they get to charity.

    reply to this | link to this | view in chronology ]

    • icon
      Angry Puppy (profile), 17 May 2011 @ 12:49am

      Re: Not about the money?

      Oh, of course they'll donate all of the money...
      Bwahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaahahahahahahahahahahahahahaha hahahahahahahahahahahahahahahaha
      ...oops, I just pooped myself.

      reply to this | link to this | view in chronology ]

  • identicon
    pdh, 17 May 2011 @ 4:16am

    I had to google who these guys were... yey for avoiding the film due to overhypedness.

    reply to this | link to this | view in chronology ]

  • identicon
    chuck, 17 May 2011 @ 5:25am

    Winklevii...lol

    reply to this | link to this | view in chronology ]

  • icon
    jsl4980 (profile), 17 May 2011 @ 5:56am

    You can't blame them. They're just gambling other people's money. If they gamble 1 or 2 million dollars on lawyers it could turn into hundreds of millions. I don't think that what they're doing is right, but it makes sense financially.

    reply to this | link to this | view in chronology ]


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