Facebook is battling a lawsuit filed by a New York man who claims he owns 84 percent of the social-networking company.
Paul D. Ceglia of Wellsville, N.Y., claims in a lawsuit (see below) that he entered into a contract with Facebook founder Mark Zuckerberg in 2003 to design and develop a Web site that would ultimately become the social-networking giant. The contract entitled Ceglia to a $1,000 fee and a 50 percent stake in the final product, which eventually launched as TheFacebook.com, according to the suit, which was filed in the Supreme Court of New York's Allegany County on June 30.
The suit also claims Zuckerberg agreed to pay Ceglia an additional 1 percent stake per day until the Web site is completed, giving Ceglia an 84 percent stake in the company as of February 4, 2004.
Judge Thomas Brown issued a temporary restraining order blocking any transfer of assets earlier this month after Facebook requested the case be dismissed.
http://news.cnet.com/8301-1023_3-20010349-93.html
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