Failures

by Mike Masnick


Filed Under:
lawsuits, winklevii, winklevoss

Companies:
connectu, facebook



Winklevii Lose Again: Have To Pay Their Lawyers $13 Million

from the synonymous-with-losing dept

The Winklevii really are working extra hard to make sure that their names are synonymous with "losers" aren't they? Having already lost in court again and again in their attempts to claim ownership of Facebook, the Winklevoss twins have now lost in their attempt to get out of having to pay their original lawyers $13 million. In case you haven't followed the story (and didn't see The Social Network), the Winklevii came to a settlement agreement with Mark Zuckerberg and Facebook, which has made them fantastically more wealthy than they already were. But they got greedy, and after the settlement was signed, tried to back out of it, claiming that they were misled in the negotiations. The courts have rejected that argument (links above), and so they also sued their lawyers, insisting that it was all their fault. It kind of makes you wonder if they have any idea how badly they're trampling on their own reputation with these lawsuits.

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  • icon
    xenomancer (profile), 13 Oct 2011 @ 9:52pm

    In the words of Nelson

    Haaa Haaaaaaa

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

  • icon
    jakerome (profile), 13 Oct 2011 @ 10:19pm

    Improves their reputation

    "It kind of makes you wonder if they have any idea how badly they're trampling on their own reputation with these lawsuits."

    This is their reputation. They're doing ads now. They know they'll never be taken seriously as businessmen, so why not make a career out of getting their asses kicked?

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

    • icon
      martyburns (profile), 14 Oct 2011 @ 5:29am

      Re: Improves their reputation

      If I had $300 million or whatever they have I wouldn't give a rats arse about being a busnessman, I'd be getting a lap dance on my super yacht off the coast of Fiji.

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

  • identicon
    Pixelation, 13 Oct 2011 @ 10:29pm

    Little help

    I'm desperately trying to come up with a funny quote for this including; Wink, Wink.

    Anyone?

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

  • icon
    PW (profile), 13 Oct 2011 @ 10:58pm

    "It kind of makes you wonder if they have any idea how badly they're trampling on their own reputation with these lawsuits."

    What reputation? If anything, it feels like it confirms their reputation, that of losers ;)

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

    • icon
      That Anonymous Coward (profile), 13 Oct 2011 @ 11:24pm

      Re:

      The downside is in all of this stupid should hurt and have a cost, and they have buckets and buckets of cash so yeah... they are real losers... crying all the way to the bank looking for the next way to try and get more money.

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

  • identicon
    Anonymous Coward, 13 Oct 2011 @ 11:50pm

    Mo money, Mo problems...

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

  • identicon
    Call me Al, 14 Oct 2011 @ 1:17am

    Makes you wonder

    It does make you wonder, if their fees for a case they lost were $13mil... just how much have they paid over to the lawyers for everything else? I wonder if they are more short on cash then we realise.

    Of course most people would stop suing if they kept losing money as a result.

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

  • icon
    Strawbear (profile), 14 Oct 2011 @ 2:27am

    It kind of makes you wonder if they have any idea how badly they're trampling on their own reputation with these lawsuits.

    For $13m I'd tell everyone I slept with pigs and ate raw sewage on toast.

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

  • icon
    Josef Anvil (profile), 14 Oct 2011 @ 6:29am

    Losers???

    Exactly how are the Winklevii losers???

    If I try to do something and fail, then sue some other guy for my inability to execute and make $160 million; it's difficult for me to see the downside. Losing $13 million in legal fees and maybe another 27% to the current legal team isn't exactly a bad thing.

    They don't care about reputation at all. They care about milking as much as they can from the settlement and they are doing a damn good job at it.

    When this is over they will probably be board members at Intellectual Ventures.

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


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