As Facebook nears its 500 millionth user, the popular social network has made progress fighting a lawsuit filed by a web designer, Paul Ceglia, claiming he owns an 84 percent stake in the company.
Per Facebook's request, the case was moved to Federal Court — it's now in Buffalo at U.S. District Court, Western District. The two parties agreed to allow the temporary restraining order imposed by a state judge to expire July 23. The judge overseeing the case, Richard Acara, extended the order so the temporary restraining order preventing Zuckerberg from selling any assets, has no effect.
While Facebook hasn't flat-out called the Ceglia's contract a fraud, the company's now raising questions about its legitimacy.
Facebook says in a statement: "Plaintiff has not produced the original of the alleged agreement for anyone, including the court. We have serious questions about the authenticity of the document and, assuming an original exists, we look forward to expressing our opinion about it once we see it."