Pending lawsuits between Facebook and rival social networking site ConnectU will be settled, a source tells the New York Times. The founders of ConnectU accused Mark Zuckerberg of stealing their ideas back when both sites were in their infancy, and the Facebook CEO filed a countersuit against his former Harvard classmates. Terms of the settlement haven't been disclosed.
Twins Cameron and Tyler Winklevoss and friend Divya Narendra had hired Zuckerberg to work on their campus dating site in 2003, and say Zuckerberg dragged his feet on that job while diving into the creation of TheFacebook.com. While Facebook skyrocketed to success, ConnectU is virtually unknown. A Facebook spokeswoman confirmed that motions to dismiss the suits will be filed soon. (Read more Facebook stories.)