Finally! The Winklevoss twins have come to their senses and dropped their seven-year-long legal battle with Facebook.
Not long ago, a federal appeals court told Cameron and Tyler Winklevoss they were not entitled to renegotiate their settlement agreement with the social network company. They sued Facebook and CEO Mark Zuckerberg shortly after the company began, arguing that Zuckerberg stole their idea.
They reached a settlement agreement in 2008, but last year, the brothers argued they were entitled to more money because Facebook had omitted important valuation information from the original settlement negotiations.
The Wall Street Journal reports the brothers have filed paperwork in the U.S. Court of Appeals for the Ninth Circuit indicating that they will not apply for a hearing before the U.S. Supreme Court. A Facebook representative said only:
We've considered this case closed for a long time, and we're pleased to see the other party now agrees.
If only that Ceglia character would take note and follow suit. ...