Facebook’s assets frozen in ownership lawsuit

Facebook has rejected as “frivolous” a lawsuit filed by a New York man who claims he owns an 84 per cent stake in the social network.A temporary restraining order restricting the transfer of the company’s assets was issued by a Supreme Court judge in New York’s Allegany County.Facebook says the order will have no impact on its business.
http://www.abc.net.au/news/stories/2010/07/13/2952201.htmAlso see:Man Claims Ownership of Facebook
A New York judge has issued a temporary restraining order restricting the transfer of Facebook Inc.’s assets, following a suit by a New York man who claims to own an 84% stake in the social-networking company.Paul D. Ceglia filed a suit in the Supreme Court of New York’s Allegany County on June 30, claiming that a 2003 contract he signed with Facebook founder and Chief Executive Mark Zuckerberg entitles him to ownership of the company and monetary damages.
http://online.wsj.com/article/SB10001424052748703283004575363330101240888.htmlFacebook fights New Yorker’s claim of 84 percent stake
Facebook has moved to overturn a New York judge’s recent order temporarily blocking any transfer of the company’s assets, as the world’s No.1 social networking responds to a lawsuit by a New Yorker claiming to own 84 percent of the company.In a civil lawsuit filed in the Supreme Court of New York’s Allegany County last month, Paul Ceglia said he signed a contract with Facebook co-founder Mark Zuckerberg in 2003 to develop and design a website.
http://uk.reuters.com/article/idUKTRE66C01Y20100713
http://in.reuters.com/article/idINIndia-50073620100713
http://www.stuff.co.nz/technology/digital-living/3913737/Man-claims-to-own-84-of-Facebook

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.