Winklevoss Twins To Take Facebook Case To High Court

Law360, New York (May 16, 2011, 6:09 PM EDT) -- The founders of ConnectU said Monday they would seek U.S. Supreme Court review of a Ninth Circuit decision upholding their intellectual property settlement with Facebook Inc. founder Mark Zuckerberg, claiming the appellate court's ruling ignored federal securities law precedent.

Attorneys with Howard Rice Nemerovski Canady Falk & Rabkin PC, who represent Cameron and Tyler Winklevoss and Divya Narendra, said they intend to file a petition for a writ of certiorari after the Ninth Circuit on Monday declined to rehear their appeal.

“Basically, what the Ninth Circuit...
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