NEW YORK, Oct 11 (Reuters) - Cameron and Tyler Winklevoss
-- the famous twins who claim to have come up with the original
idea for Facebook -- have lost a bid to appeal a decision last
year that awarded the law firm Quinn Emanuel Urquhart & Sullivan a $13 million contingency fee stemming from the twins'
settlement with the social-media giant.
On Oct. 6, New York's Appellate Division, First Department,
dismissed the case brought by the Winklevosses. The twins had
fought against paying the legal fees by arguing that the law
firm committed malpractice in reaching a $65 million settlement
in an intellectual-property dispute between Facebook and
ConnectU, the Winklevosses' social-network website. The dispute
was the subject of the film "The Social Network."
The brothers alleged that in reaching the settlement, the
law firm miscalculated the value of Facebook stock. They also
asserted the law firm revealed the amount of settlement in a
newsletter, despite a confidentiality agreement.
An arbitration panel in August 2010 determined that the
Winklevosses should pay the fees. In November 2010, New York
Supreme Court Richard Lowe III confirmed the arbitration
decision. Their appeal to the First Department followed.
In a one-page decision, the five-judge appeals panel
granted Quinn Emanuel's motion to dismiss with "due
deliberation having been had thereon."
Attorneys at Quinn Emanuel declined to comment.
Sean O'Shea, the attorney for the Winklevosses, did not
immediately return a phone call. He is with O'Shea & Partners
in New York.
The case is ConnectU v. Quinn Emanuel, No. 602082.
(Reporting by Leigh Jones)
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