Settlement in Facebook Lawsuit Reported Near

April 8th, 2008

acebook is reportedly preparing to settle a lawsuit that could have turned the popular social-networking site on its head. The suit by ConnectU alleges Facebook’s founder, Mark Zuckerberg, swiped trade secrets, source code, and intellectual property from his fellow Harvard University students, brothers Cameron and Tyler Winklevoss, and their friend Divya Narenda.The March 2007 lawsuit claims that Zuckerberg, now Facebook’s CEO, was hired to develop a Web site for the Harvard students. That Web site was to be called ConnectU, an online social-networking site similar to Facebook. Zuckerberg promised to keep the plans a secret, but registered the Facebook.com domain name shortly after he began work on the ConnectU project, the court filings indicate.

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