The Winklevoss Twins Got Denied, Again, The End!

Cameron and Tyler Winklevoss (the preppy twins from The Social Network) wanted some more Facebook. However, Judge Kozinski in California shut them down in their latest attempt, again. The Judge concluded:

The Winklevosses are not the first parties bested by a competitor who then seek to gain through litigation what they were unable to achieve in the marketplace. And the courts might have obliged, had the Winklevosses not settled their dispute and signed a release of all claims against Facebook. With the help of a team of lawyers and a financial advisor, they made a deal that appears quite favorable in light of recent market activity. See Geoffrey A. Fowler & Liz Rappaport, Facebook Deal Raises $1 Billion, Wall St. J., Jan. 22, 2011, at B4 (reporting that investors valued Facebook at $50 billion—3.33 times the value the Winklevosses claim they thought Facebook’s shares were worth at the mediation). For whatever reason, they now want to back out. Like the district court, we see no basis for allowing them to do so. At some point, litigation must come to an end. That point has now been reached.

11 Cal. Daily Op. Serv. 4278 (9th Cir. 2011).

Cross-posted from En Blanc, a blog (as Judge Burned Hand) where I post about everything but healthcare because at Hlth Stacks I blog about issues in healthcare.