Facebook Ownership Controversy is Global

Here's an article on the Facebook ownership controversy from as far away as India. This is a small world nowadays and if there is a global website anywhere it's Facebook. There are millions of Facebook users around the world and everyone is watching and waiting to see this resolved.
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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

Is Mark Zuckerberg In Danger If Losing The Civil Suit Over FACEBOOK?

What a Mess for Facebook! Mark Zuckerberg claims that he doesn't think he signed any such contract, while Paul Ceglia claims to have lots of evidence that he should own 84% of Facebook. I wouldn't want to bet of how this will work out.

I found this article about an interview that Paul Ceglia had with with the Wellsville Daily Reporter:

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Ceglia's Facebook civil suit gaining steam in court and in media
By John Anderson Daily Reporter
Posted Jul 26, 2010 @ 10:44 AM

What a week for Facebook. First, the social network, which experts say is worth $24 billion, reached its 500 millionth user. Then, a civil suit against the company by a Wellsville man gained in credibility — in court and with the national media.

Paul Ceglia’s civil suit comes complete with a two-page “work for hire” contract allegedly signed by Facebook owner Mark Zuckerberg and a signed receipt from Zuckerberg after Ceglia paid him $1,000. According to terms of the contract, Ceglia’s civil suit, filed by Hornell attorney Paul Argentieri, claims Ceglia owns 84 percent of Facebook.

This week, the “Today Show” featured the case, calling it a “big battle.” During an interview this past week with Diane Sawyer on “ABC World News with Diane Sawyer,” Zuckerberg answered a question about the signatures, though he did stumble and refered to the signature as “we” instead of from himself.

“I don’t think that we ... that, uhh, 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,” said Zuckerberg.

Ceglia’s attorneys were in court this week in Buffalo. Days later, he watched the interview with Zuckerberg online and said he laughed.

Ceglia, who has only consented to interviews with the Wellsville Daily Reporter, said, “I remember when he signed the contract. We met in the lobby of a hotel in downtown Boston. I stayed there the night before and we met and signed the contract.”

Ceglia said he does not remember the name of the hotel, but said he has his credit card statement showing he purchased the room. The contract was signed on April 28, 2003.

“I guess he (Zuckerberg) is between a rock and a hard place. No one expected him to say ‘No, I did not sign a contract,’ because there is a huge amount of evidence which has yet to be disclosed,”? said Ceglia. “You will have to wait until all the facts come out in court ... I would not want to be Mark Zuckerberg.”

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Ceglia seems to be pretty confident doesn't he? How do you think it will all play out?

Leave me a comment

June