Gawker
ConnectU founders Cameron Winklevoss, Tyler Winklevoss and Divya Narendra have hired new lawyers to argue their suddenly renewed case that Facebook founder Mark Zuckerberg stole their idea for his site. The parties agreed to a settlement in February, but last week ConnectU cited new evidence and asked a judge to let it out of the deal. Now, the New York Times reports one of ConnectU's new lawyers is stock fraud expert Sean F. O’Shea of O’Shea Partners in New York. Speculates the Times's Brad Stone:
Since the Facebook-ConnectU settlement was likely part-cash, part-stock, one possibility is that the ConnectU founders feel misled by the value of the equity portion of the settlement and believe that fraudulent representations about its value were made to them.
Could be. Or it could be that the Winklevoss' and Narendra don't have much going and need more than they originally agreed to. ConnectU has about 2,000 users and the founders' last law firm, Quinn Emanuel, recently filed a lien against Connect for any bounty turned up in court going forward. (Photo by AP/Krupa)
