Earlier today a panel of Federal Appeals judges ruled that the Winklevoss twins had to accept a 2008 ruling and make due with their meager $65 million settlement with Facebook, now worth over $100 million. But the case is not closed, as the Winklevosses will be filing for a rehearing with the 9th Circuit Court of Appeals bench.
This morning Federal Appeals Chief Judge Alex Kozinski told the Winklevosses, "At some point, litigation must come to an end. That point has not been reached."
Apparently the Winkelvoss legal team did not get the memo, as they are asking for a Petition For Rehearing En Banc, or a rehearing with 11 as opposed to three judges. Only an En Banc hearing or the Supreme Court can overturn a ruling by a Federal panel. Kozinski himself be will present at the new hearing, if it takes place.
I smell a sequel to The Social Network. Check out TechCrunch for the full story.
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