11–20 of 38 posts
DLA Piper means some smart people are starting to believe Ceglia. How likely is it that folks like Kip Hall http://www.dlapiper.com/kip_hall and other partners at DLA would take a case like this as a pure troll?
Not saying that this is the case, but it's possible.
DLA Piper means some smart people are starting to believe Ceglia. How likely is it that folks like Kip Hall http://www.dlapiper.com/kip_hall and other partners at DLA would take a case like this as a pure troll?
Thinking that they would not get 50% or 84% of zucks shares - but 50% of $XXXXX millions of dollars is significant regardless.
They must have at least enough of a case to make facebook shit cash their way.
For all us watchers - it just reinforces the unscrupulous measures zuck took in building this company. Sadly, not too many can say they would have done much different in his shoes, given that he was at the right place at the right time and got boosted by others to the point of being able to run with it himself, he then used amoral tactics to protect what he had built from those who truly did have at least partial stake in it...
DLA Piper means some smart people are starting to believe Ceglia. How likely is it that folks like Kip Hall http://www.dlapiper.com/kip_hall and other partners at DLA would take a case like this as a pure troll?
Either that or the slim chance of payoff combined with huge payout made it worth pursuing. If nothing else it means some lawyers get to have their name attached to a litigation suit with Facebook's name on it. Even if they fail they can use it on their resumes. As can the company for seeming willing to tackle big challenges. This is all devil's advocate stuff mind you.
DLA Piper is one of the largest and most powerful law firms in the US, and routinely represents clients such as Wall Street securities firms in multi- billion dollar suits. I think you should click the link above and have a look at the existing resume before making such silly remarks...this is not an up-and-coming law firm in need of wider exposure.
pun intended
Even if he had 50% at the beginning, wouldn't he be in the exact same situation as Saverin? Diluted to hell by subsequent rounds of investment, and ending up with .1-1%. That'd still be an ENORMOUS amount of money, but there's no way he has a claim on 50% of the currently issued shares.
Even if he had 50% at the beginning, wouldn't he be in the exact same situation as Saverin? Diluted to hell by subsequent rounds of investment, and ending up with .1-1%. That'd still be an ENORMOUS amount of money, but there's no way he has a claim on 50% of the currently issued shares.
The argument is that all of the material produced as a result of the agreement is property of the General Partnership, of which Ceglia owns 50%. Therefore, the entirety of Facebook, Inc. would be part of this partnership.
Eduardo Saverin only got a stake in Facebook, Inc., not the partnership, which it's unclear if he even knew existed.
Cegila for his part must be really naive.
DLA Piper means some smart people are starting to believe Ceglia. How likely is it that folks like Kip Hall http://www.dlapiper.com/kip_hall and other partners at DLA would take a case like this as a pure troll?
The only remote chance I can see DLA Piper taking a troll case like this is if they negotiated some very significant % of the settlement likely to come of this. Thinking that they would not get 50% or 84% of zucks shares - but 50% of $XXXXX millions of dollars is significant regardless. They must have at least enough of a case to make facebook shit cash their way. For all us watchers - it just reinforces the unscrupu…
I see a lot of unscrupulous business people trying to abuse the one developer who can actually make things happen.
If they have the actual e-mails, then Zucker will have to pay. It's clear that he gave 50% to Ceglia but never disclosed the success of the site. Cegila for his part must be really naive.
So it looks like Ceglia has a good claim on 50% of Zucks share of Facebook:
""By virtue of his 50% ownership interest in the General Partnership, Cegliais entitled to receive 50% of the total equity interest in Facebook, Inc. received by, and promisedto Zuckerberg, including, but not limited to, stock, stock options and restricted stock units.""
DLA Piper means some smart people are starting to believe Ceglia. How likely is it that folks like Kip Hall http://www.dlapiper.com/kip_hall and other partners at DLA would take a case like this as a pure troll?
Well, the legal sector isn't doing too well right now. Perhaps DLA Piper has too many idle lawyers right now - at least this is work. Not saying that this is the case, but it's possible.