[March 21, 2020] Sabbatical update: For obvious reasons, I am home, and not in Africa. Thanks to my wife who booked my return journey from Windhoek to Boston. Stay tuned for a return to normalcy. Meanwhile, #QuarantineLife.

Friday, April 26, 2019

Claim to Facebook fortune dismissed in Mass. appeal

The Massachusetts Court of Appeals Wednesday affirmed dismissal in tort, contract, and equity claims by a software developer against principals behind Facebook-predecessor company ConnectU.

The Winklevosses (CC BY-SA 2.0 cellanr)
Wayne Chang (commencement address at UMass Amherst in 2016) alleged that he was entitled to a some portion of the $65m in cash and stock received by ConnectU's twin brothers and "bitcoin billionaires" Cameron and Tyler Winklevoss in settlement with Facebook founder Mark Zuckerberg.  That mediated settlement ended litigation in California and Massachusetts in 2008; Chang initiated the instant action in 2009.  Bringing the case to a close at last, the Massachusetts Appeals Court agreed with the lower court that Chang had severed business ties with the Winklevosses before they entered settlement negotiations with Zuckerberg.  The court also affirmed award to the Winklevosses of $30,000 in costs.

The case is Chang v. Winklevoss, No. AC 18-P-329 (Mass. Ct. App. Apr. 24, 2019).

No comments:

Post a Comment