In 2010, just before the Facebook Inc (NASDAQ:FB)’s IPO in the US was rolled out, a guy named Paul Ceglia filed a claim in the courts that he owns more than 84% ownership rights of the company. This claim caused a massive stir in the media and Facebook Inc (NASDAQ:FB)’s CEO Mark Zuckergberg went through a lot problems to overcome this distraction. Later on, the documents filed by Ceglia were proved to be forged and he was arrested in 2012. But Facebook’s legal department and Mark Zuckerberg seem to be clinging to this old case. In a recent development, the company has decided to sue the lawyers who were representing Paul Ceglia in the courts, CNBC’s Julia Boorstin reported . Mark Zuckerberg is showing no mercy for all parties who were involved in creating a scene before his company’s IPO. This pursuit of the case might also teach a lesson to the potential lawsuit candidates filled with envy against the success of Facebook Inc (NASDAQ:FB).
Ceglia’s claims can be traced back to 2003 when Mark Zuckerberg signed a small website design project for Ceglia’s company. In 2010, Ceglia allegedly used documents signed by Zuckerberg and forged them to give a look to claim that Zuckerberg promised a large stake for Ceglia in Facebook Inc (NASDAQ:FB). Facebook Inc (NASDAQ:FB) has sued many lawyers and claims that these law firms knew that Ceglia is filing a case based on forged documents. These law firms include DLA Piper. DLA Piper withdrew their support for Ceglia but this was after many months of false claims against Facebook.
DLA Piper has labeled Facebook Inc (NASDAQ:FB)’s lawsuit as “meritless litigation” in a statement and said that the law firm was backing Ceglia for only 78 days. The statement also claims that Facebook Inc (NASDAQ:FB)’s IPO was $100 billion and now the company is worth more than $200 and Mark Zuckerberg is among the richest people in the country so there was no harm done to Facebook’s business from Ceglia’s claims.
Ken Griffin‘s Citadel Investment Group held 4.58 million shares of Facebook Inc. (NASDAQ:FB)