What was saverin suing for

They argued that Facebook misled them over the true value of the stock. The twins also sued their law firm, Quinn Emanuel, for malpractice. It's a confusing tangle of lawsuits, but the bottom line is that the Winklevoss twins settled their case with Facebook years ago. Their recent attempts to change that settlement are falling flat.

A US judge ruled this week that the settlement still stands. The twins, of course, are appealing that ruling. That's the notion that Ceglia, owner of a wood pellet fuel company, put forth in a lawsuit filed last July.

The story sounded outrageous on the surface, especially as Ceglia had waited a full six years before speaking up. Furthermore, Ceglia is a a convicted felon. This week, however, the lawsuit resurfaced. Ceglia refiled his case with prominent law firm DLA Piper and said he has produced email conversations that support his claims.

Allegedly, Zuckerberg and Ceglia discussed details such as the site's domain name and business model. Things allegedly blew up in April , two months after Facebook's blockbuster launch. Zuckerberg is supposed to have told Ceglia he was thinking of taking the server down and wanted to give Ceglia his money back. Facebook insists that the emails and contract are fabricated. In an email to Mashable a Facebook representative said:.

From the outset, we've said that this scam artist's claims are ridiculous, and this newest complaint is no better. Facebook is seeking to dismiss this case, but the emails — fraudulent or otherwise — may be compelling enough for the case to move into discovery. It's at this point that Facebook will be able to look at the evidence, including Ceglia's emails and hard drives. If they can show that there was any tampering with the evidence, the case will be thrown out. But despite well-documented friction over the years, Saverin says he bears no ill will toward Zuckerberg.

He was a visionary and always knew Facebook would only grow if it remained true to its central idea of people presenting themselves truthfully and without pseudonyms. Saverin has had little to do with Facebook in recent years.

But he re-entered the public consciousness recently when, days before Facebook stock was due to hit Wall Street, he renounced his U. Many saw it as a dodge -- a way to avoid paying U. He says that's not the case and noted that, as has been reported , he's paying his taxes. I already paid and I will keep paying whatever taxes I owe based on my time as a U.

There was no other way. By Kate Fitzgerald. Digital payments. JPMorgan executive on how payments are 'eating the world'. The way merchants handle payments is becoming just as important as the actual business they're in, says Jeremy Balkin, global head of innovation and corporate development at J. Morgan Payments. By Miriam Cross. The expectation that people will want social distancing and ever-expanding digital banking options well after the pandemic passes is informing branch architecture at banks and credit unions.

Politics and policy. But industry representatives say that with FHA delinquency rates still elevated and loan forbearance plans expiring, there's an urgency for Congress to confirm her by year-end. By Hannah Lang. Canadian transit agencies get on board with contactless debit.