Click here to see how the calculator works for your tax situation.
A federal appeals court ruled Monday that the prior Harvard University classmates of Facebook founder Mark Zuckerberg can't undo their settlement over creation of the social networking site.
The 9th U.S. Circuit Court of Appeals said Monday that Tyler and Cameron Winklevoss were savvy enough to understand what they were agreeing to when they signed the agreement in 2008. The deal called for a $20 million cash payment and a partial ownership of Facebook.
Monday's ruling upholds a lower court decision enforcing the settlement during the six years of litigation that grew so contentious that the dispute was dramatized in the Oscar-nominated film, "The Social Network." The settlement is now worth more than $160 million because of Facebook's increased valuation.
The twins had alleged they were misled about Facebook's value when they agreed to settle their lawsuit that claimed Zuckerberg stole their idea to launch Facebook.
"At some point, litigation must come to an end," chief justice Alex Kozinksi wrote for the unanimous three-judge panel "That point has now been reached." "They brought half-a-dozen lawyers to the mediation," Kozinksi wrote.
Probate law is similar in its need to bring a final resolution to matters with a 2 year limit for creditor claims against an estate and the Florida Probate Code also states that order of discharge may not be revoked based on discovery of a will or a later will. The statute can be read by clicking here.
Source re Facebook case update Yahoo News
Two men who met only briefly a year earlier when one bought a computer from the other formed a much more lasting connection as a result of a wife's Facebook posting seeking a kidney donation for her husband.
Roxy Kurze was desperate to find a kidney donor for her husband Jeff, 35, and posted a notice on Facebook seeking someone willing to do so who had blood type O.
The Michigan couple realized they had a three- to five-year wait by using the normal route of being on the hospital's waiting list. Roxy Kurze knew time was of the essence. Her husband had already suffered a stroke, and dialysis was leaving him physically depleted.
"Wishing a kidney would fall out of the sky so my husband can stop suffering," Roxy Kurze wrote on Facebook. "So if anyone knows of a live donor with type O blood, PLEASE let me know."
Ricky Cisco, 25, didn't know Jeff Kurze by name. But he knew Roxy only slightly, through a work-related Facebook "friending" that might as well have been as distant as Mars. At his computer, on Facebook one day, he saw her posting for a Type O donor and was intrigued. He was Type O.
Click the Today.com link for a video discussing the story.
Photo by AP
As the Florida Probate Attorney and Florida Wills Lawyer writing the Probate Attorney Blog I am honored to have been selected as one of the 25 best probate estate and elder law blogs.
The full list of the best probate attorney, best estate lawyer and top elder law firm blogs can be seen by clicking here.
