Appeals Court Rules Against Winklevoss Twins in Facebook Case

The 9th U.S. Circuit Court of Appeals said that Tyler and Cameron Winklevoss -- the former Harvard University classmates of Facebook founder Mark Zuckerberg -- can't undo their settlement over the social networking site. The appeals court ruled that the twins were savvy enough to understand what they were agreeing to when they signed the agreement in 2008, a deal that called for a $20 million cash payment and a partial ownership of Facebook.