Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Meta Platforms, Inc. (Facebook) -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (96)	2/17/2012 7:12:15 PM
From: Glenn Petersen	Respond to of 3780

Still open. From the S-1: Paul D. Ceglia filed suit against us and Mark Zuckerberg on or about June 30, 2010, in the Supreme Court of the State of New York for the County of Allegheny claiming substantial ownership of our company based on a purported contract between Mr. Ceglia and Mr. Zuckerberg allegedly entered into in April 2003. We removed the case to the U.S. District Court for the Western District of New York, where the case is now pending. In his first amended complaint, filed on April 11, 2011, Mr. Ceglia revised his claims to include an alleged partnership with Mr. Zuckerberg, he revised his claims for relief to seek a substantial share of Mr. Zuckerberg’s ownership in us, and he included quotations from supposed emails that he claims to have exchanged with Mr. Zuckerberg in 2003 and 2004. On June 2, 2011, we filed a motion for expedited discovery based on evidence we submitted to the court showing that the alleged contract and emails upon which Mr. Ceglia bases his complaint are fraudulent. On July 1, 2011, the court granted our motion and ordered Mr. Ceglia to produce, among other things, all hard copy and electronic versions of the purported contract and emails. On January 10, 2012, the court granted our request for sanctions against Mr. Ceglia for his delay in compliance with that order. We continue to believe that Mr. Ceglia is attempting to perpetrate a fraud on the court and we intend to continue to defend the case vigorously. Also: en.wikipedia.org Facebook wants Paul Ceglia to pay more than $84,000 in attorney fees Jessica Guynn L.A. Times January 20, 2012 \| 5:36 pm Facebook's lawyers are asking a judge to order Paul Ceglia to foot the bill for more than $84,000 in fees. Ceglia, the New York man who claims he's entitled to half of Mark Zuckerberg's multibillion-dollar stake in Facebook, was fined for refusing to turn over email account information and ordered to pay reasonable attorneys' fees. Facebook's lawyers are also asking Leslie G. Foschio, the federal magistrate in Buffalo, N.Y., to order Ceglia not to file any additional "non-responsive papers or pleadings in the case" until he pays up. Ceglia's lawyer, Dean Boland, said he has not had a chance to review the court filing in detail, but said he and his client would prepare a response over the coming week. "If we feel it ought to be modified, we will respond accordingly," Boland said. Boland, who's from Cleveland, took a shot at Facebook's lawyers for charging Manhattan hourly rates in a case unfolding in Buffalo. "Cleveland and Buffalo are pretty identical demographically, and I can tell you that no lawyer would survive in the city of Cleveland charging that much an hour because no one would be able to hire him," Boland said. Orin Snyder, the most senior Gibson Dunn partner, charged $716.25 an hour. His most junior associate charged $337.50 an hour, according to the filing. Facebook, which is on the verge of an initial public offering that could value the world's most popular social networking company at $100 billion, can clearly afford it. latimesblogs.latimes.com

To: Win-Lose-Draw who wrote (96)	3/26/2012 1:01:19 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 3780

Facebook Releases Emails From Zuckerberg’s Harvard Days By Shayndi Raice Wall Street Journal March 26, 2012, 12:12 PM For the first time, Facebook released a trove of emails that were sent between its CEO Mark Zuckerberg and wood-pellet salesman Paul Ceglia. Bloomberg Paul Ceglia poses for a photo outside his home in Wellsville, N.Y., in 2010. Ceglia sued Facebook and its founder and Chief Executive Mark Zuckerberg in New York state court, claiming that an April 2003 agreement entitles him to ownership of most of the privately held company. ____________________ Facebook’s motive in releasing the emails: to quash Ceglia’s claims that he is owed 50% of Zuckerberg’s stake in the company. Ceglia filed a lawsuit in 2010 claiming that a contract between him and Zuckerberg showed he invested $1,000 in what would eventually become Facebook. (The two had met on Craigslist in 2003 and Ceglia commissioned Zuckerberg to work on his company, StreetFax.) In that suit Ceglia attached many emails he alleged he had exchanged with Zuckerberg that purport to show that he is entitled to a stake in the social network. Facebook last year claimed the contract was an “ outright fabrication” and that the emails were forged. Now, in a motion to dismiss Ceglia’s lawsuit Monday, the social network’s lawyers obtained through a subpoena emails that Zuckerberg and Ceglia exchanged in 2004 from the Harvard University server, when Zuckerberg was still a Harvard student. According to those emails that Facebook released Monday, none of the emails in Ceglia’s complaint showed up in that search. Instead, the emails from Zuckerberg’s time at Harvard show him angry at Ceglia for receiving only $9,000 out of a total of $19,500 that was owed to him for work he did on a project called StreetFax. In an email from January 25, 2004, just a week and a half before he launched Facebook, Zuckerberg told Ceglia’s partner that he will no longer make their requested changes to the StreetFax site because “there are many other things I’d like to, and have started to, work on. I am at a school surrounded by some of the smartest people in the world, cultivating ideas and constantly coming up with great projects to work on. … My time is valuable, and seems better spent on other things that I know, or at least can reasonably expect, will produce some sort of gratification in the near future.” Ceglia’s lawyer, Sandford Dumain of the law firm Milberg LLP, alleged in an interview on Sunday that Zuckerberg deleted the emails produced by Ceglia to cover his tracks. Dumain wasn’t immediately available to comment Monday on Facebook’s motion to dismiss the suit. The emails in Ceglia’s complaint document a tense relationship between himself and Zuckerberg. In those emails, Zuckerberg is constantly late with his work and breaking the terms of their contract, which states that the longer Zuckerberg takes to complete the site, the more of a stake Ceglia will own in the site. Ceglia’s original claim – and what it says in the contract and emails he produced – was for an 84% stake of Facebook. He later amended his claim and said he was only seeking 50% of Zuckerberg’s stake. The emails produced by Ceglia were not in native email format, but rather in Microsoft Word, according to Facebook’s motion. Dumain said Sunday it was Ceglia’s practice at the time to copy and paste his emails into a Word document, since the email program he had would automatically delete old emails. Facebook’s attorneys, however, said the fact that the emails don’t exist in their native form are evidence of “obvious fraud,” according to their motion on Monday. “Ceglia simply typed text into a Word document and declared it was the text of emails with Zuckerberg,” the motion states. Facebook’s dismissal motion includes the testimony of forensic experts, who testified that Ceglia reset the clock on his computer so it seemed like the documents were created in 2003 and 2004. But in some instances, Ceglia allegedly botched those attempts and made it look as if in October 2003 he had last accessed emails written in July 2004. The dateline on some of the emails, according to Facebook’s motion, also refers to Eastern Daylight Time when Eastern Standard Time was in effect. There’s no place from within the continental United States from which those emails could have been sent with those time stamps on those dates, according to Facebook’s motion. In one of the emails Ceglia produced, he congratulates Zuckerberg on Facebook’s launch. “The site looks great,” he writes at 10:30 a.m. on February 4, 2004. “This exchange is a historical impossibility,” said the motion. Facebook didn’t go live until that afternoon, according to the motion. blogs.wsj.com