The saga of whether Facebook founder Mark Zuckerberg stole the idea and code for Facebook from a few of his classmates for whom he was working for on their site ConnectU appeared to have come to a conclusion earlier this year when both parties reached a settlement. But it looks like ConnectU is gearing up for another round in the courtroom after they hired the big guns at BSF or Boies, Schiller & Flexner (I worked there once for a couple months as a file monkey) as well as "stock fraud expert Sean F. O’Shea."
What exactly does that mean?Most documents in the case are sealed and neither of the parties are talking to the media. But the late-game lawyer swapping and addition of Mr. Shea to the ConnectU counsel table, suggests a new direction in the case. Since the Facebook-ConnectU settlement was likely part-cash, part-stock, one possibility is that the ConnectU founders feel misled by the value of the equity portion of the settlement and believe that fraudulent representations about its value were made to them.
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