X

Now Winklevosses Getting Sued for Facebook Money

Software developer says he deserves up to 50% of their settlement
By Mark Russell,  Newser Staff
Posted May 13, 2011 10:32 AM CDT
Now Winklevosses Getting Sued for Facebook Money
Cameron (L) and Tyler (R) Winklevoss, founders of social networking website ConnectU, are suing Facebook, and now their former partner Wayne Chang is suing them.   (Getty Images)

(Newser) – First the Winklevoss twins went after Facebook, and received $65 million for their efforts. Now, a Boston software developer is saying the Winklevosses owe him, and is taking them to court for up to half of that settlement. Wayne Chang says his P2P software was integrated into the Winklevosses' ConnectU website in exchange for 15% of the company, reports the LA Times.

story continues below

Chang also says he then formed the Winklevoss Chang Group partnership with the twins, and that his 50% stake in that partnership entitles him to half of their Facebook payout. "Chang alleges that he has received nothing in return for the substantial benefits he provided to ConnectU, including the value of his work, as well as i2hub's users and goodwill," wrote the judge who allowed the suit to proceed. Chang has been pursuing a share of the Facebook deal since 2009. (Read more Cameron Winklevoss stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X