June
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CEO Says won't Have to Give up Facebook Stake
Techtree News Staff, Jul 21, 2010 1407 hrs IST
Zuckerberg says we did not sign a contract that says that they have any right to ownership over Facebook
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UPDATE: Regarding claims made my Paul Ceglia and Facebook lawyer Lisa Simpson saying they are unsure if the contract was actually signed, Zuckerberg has something to say. He clarified his stand on this case and said that he hasn t signed any contract with Ceglia and doesn t owe him 84 percent stake in Facebook. Mark Zuckerberg, in a TV interview with Diane Sawyer, ABC World News, said, If we said that we were unsure, I think that was likely taken out of context. Because I think we were quite sure that we did not sign a contract that says that they have any right to ownership over Facebook.
We recently reported that Paul D. Ceglia pulled Facebook owner Mark Zuckerberg to court for a contract that was signed in April 2003 entitling Cegalia 84 percent ownership of Facebook. A hearing of lawsuit was held where Lisa Simpson, Facebook's Lawyer and Ceglia's attorney Terrence Conners were present at federal court in Buffalo, New York.
Facebook responded the lawsuit filed in state court by taking the matter to the federal court where its lawyer Lisa Simpson told Judge Arcara, "Whether he signed this piece of paper, we're unsure at this moment," according to a Bloomberg report. Well, that certainly is a shocker. Simpson also reportedly said the company has "serious questions" about the document's authenticity.
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I rather expect that this saga will continue for some time to come. I have no doubt that Mark Zuckerberg can afford good legal representation to protect his interests.
June
