Quinn Emanuel Can Receive $13M Facebook Suit Fee: Court

Law360, New York (October 11, 2011, 10:02 PM EDT) -- A New York appeals court on Thursday refused to overturn Quinn Emanuel Urquhart & Sullivan LLP’s $13 million payout for representing the founders of ConnectU Inc. in their suit claiming they came up with the idea for Facebook Inc.

The appeals court upheld the payout awarded by an arbitration panel in August 2010 and confirmed by a state Supreme Court judge in November 2010. It amounts to 20 percent of the value of the Facebook stock ConnectU received under a $65 million settlement with the social...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.