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Social Network Update: Winklevosses Lose Settlement Appeal

Photo of Anne Thompson By Anne Thompson | Thompson on Hollywood January 12, 2011 at 6:31AM

In a follow-up to the behind-the-scenes power drama revealed in The Social Network, the Winklevoss twins (the movie's Armie Hammer) have lost the appeal of their 2008 $140-million Facebook settlement.
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Thompson on Hollywood
Thompson on Hollywood

In a follow-up to the behind-the-scenes power drama revealed in The Social Network, the Winklevoss twins (the movie's Armie Hammer) have lost the appeal of their 2008 $140-million Facebook settlement.

Tyler and Cameron Winklevoss have been trying to improve on that deal, as the fortunes of Facebook founder, billionaire Mark Zuckerberg (Jesse Eisenberg), have soared. Judge John Wallace argued that they had too much smart counsel for anyone to pull the wool over their eyes:

“I agree my clients were not behind the barn door when brains were passed out,” admitted Jerry Falk, the Howard Rice partner arguing the appeal for the Winklevosses. “But the same is true of Facebook. You had sophisticated people in the room on both sides.”

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