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The Winklevosses had claimed they were shortchanged in a $65 million settlement with Zuckerberg because Facebook had misrepresented the value of company stock. In April, a federal appeals judge rejected the argument and ruled the twins could not unwind the legally binding agreement they had signed in 2008.

The brothers and a third partner, Divya Narendra, had wanted to reverse that ruling and were willing to take the case to the U.S. Supreme Court. But in documents filed Wednesday with the U.S. 9th Circuit Court of Appeals in San Francisco, they said they will not pursue the matter any longer.

12 years ago. Rating: 1
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