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Business News

Brothers fail to quash Facebook court ruling

The twin brothers who accused Facebook and and its founder Mark Zuckerberg of stealing their idea for the social networking website have lost their attempt to have a US court void a multimillion dollar settlement of their claims.

Cameron, above left, and Tyler Winklevoss failed to convince the 9th US Circuit Court of Appeals in San Francisco to reconsider its 11 April ruling upholding the $65m cash-and-stock settlement they reached with Facebook in 2008.

The brothers had complained the settlement was fraudulent because Facebook hid information from them. Their lawyer said he intended to appeal to the US Supreme Court.