Facebook tycoon settles legal challenge with $65m
The law firm that represented ConnectU, a smaller social network, included the settlement amount Facebook purportedly paid ConnectU’s founders in a newsletter.
The settlement was supposed to be confidential. Attorney Peter Calamari of Quinn Emanuel Urquhart Oliver & Hedges told the Los Angeles Times the information was included by public relations employees and didn’t get caught before it was released. He says the firm had a policy not to discuss the case.
The news was first broken by The Recorder, a legal publication.
An after-hours call to Facebook was not immediately returned.
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