|
|
|
U.S. man suing Facebook fined $5,000 by court
Headline Legal News |
2012/01/11 10:43
|
A man who's suing for part ownership of Facebook has been fined $5,000 by a federal judge for failing to fully comply with an order to turn over his e-mail account information.
A man suing for part ownership of Facebook was fined $5,000 for failing to comply with a court order.
Paul Ceglia was also ordered to pay some of Facebook founder Mark Zuckerberg's legal expenses.
The sanctions are a setback for Ceglia's claim in U.S. District Court that a 2003 contract he and Zuckerberg signed entitles him to half ownership of the social networking site estimated to be worth more than $50 billion.
The judge issued the sanctions late Tuesday, faulting Ceglia for ordering his lawyers not to fully obey his orders.
Palo Alto, California-based Facebook claims Ceglia's contract is fake. Ceglia's lawyer says his client will pay the penalties. |
|
|
|
|
|
|
 |
Investment Fraud Litigation |
|
|
|
|
Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
|
|
|
| |
| |
| |
|
The content contained on the web site has been prepared by Securities Law News as a service to the internet community and is not intended to constitute legal advice or a substitute for consultation with a licensed legal professional in a particular case. | Affordable Law Firm Website Design by Law Promo |
|
Legal News RSS Feed
