By Owen Thomas, 11:32 AM on Wed Jul 25 2007, 2,671 views (Edit, to draft, Top, Slurp)

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"Mo money, mo problems," says a Facebook insider. The wisdom of the late Biggie Smalls explains, in a nutshell, why Facebook has found itself in court. A judge in Boston is considering at a hearing today whether to let a lawsuit filed by the founders of ConnectU — the Dickensian-named twins, Cameron and Tyler Winklevoss, and Divya Narendra — against Facebook CEO Mark Zuckerberg and his company proceed. This lawsuit, of course, only exists because of Facebook's supposed success, and the inflated valuations bandied about by board members tired of fending off buyout offers. I'll be covering this story throughout the day, but if you need to catch up, here's the full coverage.

• A brief history of Facebook's legal woes
• Tyler Winklevoss rows against the Facebook tide
• Facebook's wannabe founders
• Facebook's lawsuit that won't go away