Facebook is approaching the end of legal row
Facebook has permission to acquire rival ConnectU, despite the appeal agreed scheme.
In 2004 the founders of ConnectU sued claiming, Facebook founder Mark Zuckerberg took its idea of a social network site of them.
Actions in the spring of 2008 claims, but ConnectU Facebook wrong value during the negotiations.
The judge said, ConnectU adhere to what was agreed and the transfer of its shares on Facebook.
The dispute over the assessment was caused by Microsoft $ 240m (£ 128M) Facebook at stake in October 2007 that the value on paper, $ 15 billion.
Facebook said that the figure should not be used to the requirements of companies as the value of this assessment method is specific for Microsoft preferred stock and the business world that surrounds them. Facebook said that their real value of $ 3-4BN.
Court documents show that under the decision taken, Facebook owners agreed to ConnectU unknown amount of money and Facebook stock.
In turn, ConnectU Directors approved Facebook to hand over all cattle, which took place in ConnectU.
In its complaint ConnectU co-founder of Cameron and Tyler Winklevoss, along with other partners, Divya Narendra argued that the implementation of the agreement, which allows Facebook now derail the process of appeal.
Judge James Ware of the United States – District Court in San Jose, California decided that ConnectU, before the appeal could be heard, the settlement occurs at the beginning of this year to work.
“The longer court delays in the implementation of the agreement between the parties, and the value of the consideration is to change the decision,” he wrote in his decision. “Any further delay in implementing the decision is a serious risk of injury Facebook, and ConnectU”.
He added: “This means that the status quo can not be obtained from the host.”
ConnectU initially dismissed claims of fraud in June promised to increase the attractiveness to be heard.
ConnectU founders officer sued Harvard students Mark Zuckerberg in 2004 accused him of stealing his ideas societies of the work that he has on the dating site for them in 2003.
Facebook said that I will not comment on the case. ConnectU not return calls for comment.
Meanwhile, brothers Winklevoss claim gold in rowing at the Olympic Games in Beijing. They came in his second semi-final to earn a place in the men’s pairs final.
Latest figures show from comScore Facebook is now the largest and fastest-growing social networking site with 132 million visitors in June.
adapted from http://news.bbc.co.uk
