Judge lets settlement in ConnectU vs. Facebook stand

ConnectU wanted agreement annulled

Dating Web site ConnectU won't get more money out of Facebook after the two settled a dispute earlier this year.

ConnectU, founded by brothers Cameron and Tyler Winklevoss, used to employ Facebook founder Mark Zuckerberg around 2003. The site was then called Harvard Connection.

ConnectU alleged a slew of indiscretions, including copyright infringement, after Zuckerberg established Facebook in 2004, which far eclipsed ConnectU in popularity.

The two reached an agreement in February, but ConnectU changed its mind and asked a judge to annul the agreement. The actual financial terms of the deal are sealed, but ConnectU received cash and Facebook stock as part of the settlement.

After making the agreement, ConnectU came back and alleged that Facebook committed fraud during the negotiations by misrepresenting the value of its stock. Facebook asked the court to enforce the agreement.

On Wednesday, Judge James Ware of US District Court for the Northern District of California brushed aside ConnectU's allegation, saying the two companies' agreement did not stipulate a value on the outstanding shares of Facebook's stock. Further, ConnectU had "reputable counsel" when the agreement was reached, Ware wrote in his ruling.

"In sum, the court find defendants [ConnectU] have failed to establish that plaintiffs [Facebook] made a misrepresentation during the negotiation," Ware wrote.

Facebook intimated there was another reason for ConnectU's change of mind. "We were disappointed that we had to litigate the settlement, as we believed we were caught in the middle of a fee dispute between ConnectU's founders and its former counsel," Facebook said in a statement.

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Jeremy Kirk

IDG News Service
Show Comments

Essentials

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?