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Facebook Assets Frozen Following Ownership Dispute

Yesterday we reported on the ownership dispute of social networking site Facebook — we can now tell you that a judge has frozen the company’s assets. This means that there can be no transferring or selling of assets — all of which was sparked off by a man called Paul Ceglia.

We already know the history on this ownership dispute — but how much truth is there in it? Paul Ceglia claims that he own 84 percent of Facebook, a deal that he had in place with Facebook founder Mark Zuckerberg while the social media website was being built.

Facebook has now responded to this latest action by taking the case to Buffalo’s federal district court — asking them if the restraining order can be lifted and saying that the case is “completely frivolous.” The company also states that Ceglia’s claims should be barred as it has a number of limitations, which Chicago Breaking Business explains in more detail.

We do not see this case going any further — although it could backfire on Paul Ceglia and his wife, who already has a past in cases like this.

Written by Peter Chubb

Peter has been writing on Product-Reviews since 2007 and in that time much has changed for him, like his hair having more grey than brown now. He loves gadgets and cars, and gets excited when big events come up, such as CES and the big auto shows.

Contact Peter Chubb: peter@product-reviews.net

He started out working in a factory and dreamed of the day when he could become his own boss; That happened back in 2002 and he has never looked back since. Things have changed so much on the Internet in that time, but he has adapted well.

Contact Peter Chubb: peter@product-reviews.net

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