Did Mark Zuckerberg really sign a contract to sell half of Facebook for $1000?
Claims contract signed in 2003
Files contract signed "Mark Zuckerberg"
Judge freezes Facebook assets
A MAN from a small town in the US state of New York claims he owns 84 per cent of Facebook - and he's going to court to prove it.
Paul D Ceglia, from Wellsville, has filed a civil case against the founder of Facebook, Mark Zuckerberg, claiming he had a written contract with Zuckerberg that proved he owned the massive stake in the world's largest social networking site.

Mr Ceglia is seeking a "declaratory judgement that defines ownership rights" in the Allegany Country State Supreme Court.

Court officials say the claim has to do with the "formation of entity" and an allegation by Mr Ceglia that Zuckerberg broke a contract he had signed with him in 2003.

The Wall Street Journal reports Mr Ceglia claims the contract allowed him to buy 50 per cent of Facebook.com from Zuckerberg for $1000.
Mr Ceglia alleges Zuckerberg signed the contract, which also states that Mr Ceglia would receive a further one per cent of the company for every day onwards until the website was completed.

The suit includes a copy of the work-for-hire contract, bearing a signature which Mr Ceglia claims belongs to Zuckerberg.

So far, he's at least succeeded in getting a judge to grant a restraining order on Facebook which prohibits the company from transferring assets.

Facebook told the WSJ that it considers the claim "frivolous" and is attempting to move the case to the federal court in Buffalo.
With The Wall Street Journal


http://www.news.com.au/technology/paul-d-ceglia-files-claim-for-85-per-cent-ownership-stake-in-facebook/story-e6frfro0-1225891051336

Posted: Apr 14, 2011 11:04 pm