A New York man claiming to own 84 per cent stake in Facebook has filed a lawsuit in a court here to recover his ownership of the social-networking company, according to media reports.
Acting on Paul D Ceglia's lawsuit, judge of Allegany County in New York, Thomas Brown, has issued a temporary restraining order restricting the transfer of Facebook Inc.'s assets.
Ceglia, claims that a 2003 contract he signed with Facebook founder and CEO Mark Zuckerberg entitles him to ownership of the company and monetary damages, the Wall Street Journal said.
In his suit, Ceglia claims he signed a contract with Zuckerberg on April 28, 2003, to develop and design a website, paying a USD 1,000 fee but getting a 50 per cent stake in the product, the report said.
The contract also stipulated that Ceglia would get an additional 1 per cent interest in the business for every day after January 1, 2004, until it was completed.
Source http://www.indianexpress.com/news/now-a-fraud-facebook-owner/646396/
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