New York State Court slaps a Temporary Restraining Order on the Social Networking Site, Facebook
Paul Ceglia, a resident of Allegany County, New York, filed a case in late June 2010 claiming he had a contract with Mark Zuckerber, the founder of Facebook, which gave him a 50% stake in the site and entitles him to 84% ownership in the networking site. Ceglia's complaint prompted Judge Thomas Brown to order a temporary restraining prohibiting Facebook from transferring or selling any of its assets. After being hit with the restraining order, Facebook filed a motion to have the case moved to federal district court in Buffalo, New York. The company stated its belief that the suit is frivolous and its intentions on fighting the suit vigorously. Amongst the company's laundry-lost of objections to the action included that the court's order was issued with proper notice and further that New York's six-year statute of limitations almost certainly bars Ceglia's complaint.
To read more on this story see Facebook's assets frozen. The California-based Facebook responded in August that is suspected that the the contract in question may be a forgery and that it would vigorously fight the claim.
Click here if you would like to see Ceglia's legal filing including the alleged contract.
If you are involved in a contract or ownership dispute and are located in the Jacksonville, Florida or Orlando, Florida contact a Florida Business Law Attorney for legal representation.
