Lawyers Fleeing Would-Be Facebook Co-Owner

The New York man who claims half ownership of Facebook has churned through at least eight law firms in his two-year legal quest to assume a 50 percent stake in the social-networking site, according to court records. The latest dropouts of three firms, including at least five attorneys, were approved Tuesday by the Buffalo, New York judge presiding over the litigation. The approval comes a day after experts for would-be Facebook owner Paul Ceglia say they authenticated a contract and e-mail between Facebook chief Mark Zuckerberg and Ceglia giving Ceglia half of Facebook — a contract and communications which Zuckerberg’s experts claim are forgeries. Paul Ceglia The developments come weeks after Facebook’s faltering IPO that now leaves it with a market cap of $55 billion, making the lawsuit a high-stakes legal battle with billions of dollars at stake. Orin Snyder, Facebook’s attorney, said the lawsuit was a “fraud” underscored by the “revolving door” of Ceglia lawyers.

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Lawyers Fleeing Would-Be Facebook Co-Owner

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Tuesday, June 5th, 2012 Net News

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