I think more to the point the amount awarded the Winklevoss twins is sufficient to cover their damages. Also, IIRC Facebook didn't withhold information from the court, they withheld information during a settlement negotiation.
When purchasing private securities via any mechanism the purchasing party should to due diligence to ensure they are receiving fair value for it. I think they have a latin phrase for this something like 'caveat emptor'.
That the Winklevosses have this much money, that many connections, and manage to get themselves duped by the same guy is impressive.
I think more to the point the amount awarded the Winklevoss twins is sufficient to cover their damages.
If so, then justice has been served. Again, I don't know the details, so if that's the case, I'd hope the judge would actually state that even in the light of any new evidence their damages have already been covered in full. Exclaiming that there's simply an end to litigation seems to imply that justice hasn't been served, but we don't want to bother with it anymore.
Also, IIRC Facebook didn't withhold information from the court, they withheld information during a settlement negotiation. When purchasing private securities via any mechanism the purchasing party should to due diligence to ensure they are receiving fair value for it. I think they have a latin phrase for this something like 'caveat emptor'.
There are laws around disclosure of information for private securities. Maybe none of those laws were broken or didn't apply. But that seems like a reasonable question for the courts. I hope the judge actually weighed this and didn't simply toss it because he thought he had more pressing matters.
The writing of judgements tends to resemble a recursive descent parser. The case itself will cause the parties to survey the tree of legal arguments quite thoroughly; then it will be up to the judge to present the version of the law they believe is correct.
Judges don't like being appealed against, so as a rule they will treat every argument made before them when rendering judgement. Otherwise they leave an opening for an appeal on the basis that certain arguments weren't settled.
When purchasing private securities via any mechanism the purchasing party should to due diligence to ensure they are receiving fair value for it. I think they have a latin phrase for this something like 'caveat emptor'.
That the Winklevosses have this much money, that many connections, and manage to get themselves duped by the same guy is impressive.