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.

SEC Considers Rules That Would Help Tech Companies

Federal securities regulators are weighing demands to make it easier for fast-growing companies to use social networks such as Facebook and Twitter to raise money by tapping thousands of investors for very small amounts of shares. The Securities and Exchange Commission is looking at adapting its rules to encourage Internet-age techniques for small companies raising capital.

Public Interest Groups Consider Net Neutrality Suits

Public interest groups are keeping the option of lawsuits against the Federal Communications Commission on the table to fight for stronger Internet "neutrality" rules, an executive at a public interest law firm said. So-called net neutrality rules adopted by the FCC in December would prevent network operators from blocking lawful content but still let them ration access to their networks.

Hacker Says Government Authorized His Actions

Convicted hacker Albert Gonzalez, who is currently serving a 20-year prison sentence after pleading guilty to the massive hacks at TJX, Heartland and numerous retailers, now claims that he thought he was authorized and directed by the government to carry out the illegal activities. In a petition filed last month, first reported by Wired, Gonzalez informed the U.S. District Court for the District of Massachusetts that he would like to withdraw his guilty plea and asked the court to vacate its sentence.

H-P Sues Former Executive Now at Oracle

Hewlett-Packard sued a former high-ranking executive who had left to join rival Oracle to stop him from sharing hundreds of documents HP claims he stole from the company. HP claims Adrian Jones, its former head of enterprise sales for the Asia region, stole documents and e-mails on a USB device which contained proprietary and valuable information about HP's products and customers.

Google, DOJ Near Settlement on ITA Software

Google Inc. and the Justice Department are close to agreeing a legal settlement to avert a court challenge to the company's $700 million acquisition of flight-data company ITA Software, according to people familiar with the matter. Though it isn't finalized, the proposed agreement would allow some government antitrust monitoring of its operations for the first time, potentially setting a benchmark for any future acquisitions by Google.

Workers Must Surrender BlackBerrys During Furlough

Federal employees are already fretting about a side effect of a possible government shutdown: surrendering their work-issued BlackBerry devices. An administration official said that if the government can't avert a shutdown by the weekend, non-essential workers would be asked to report to work and turn over their BlackBerrys, laptop computers and other devices that allow them to access the office computer systems.

Hacking Incident Highlights Internet Security Woes

The Comodo Group, an Internet security company, has been attacked in the last month by a talkative and professed patriotic Iranian hacker who infiltrated several of the company’s partners and used them to threaten the security of myriad big-name Web sites. But the case is a problem for not only Comodo, which initially believed the attack was the work of the Iranian government. It has also cast a spotlight on the global system that supposedly secures communications and commerce on the Web.