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The case between Facebook and ConnectU has been ongoing for a number of years, but it's not finally settled. Reports now show Facebook agreed to pay ConnectU founders $20 million and 1,253,326 shares of common stock of the company.
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Facebook recently was in the process of settling with ConnectU, but the social network has found new evidence supporting its lawsuit against Facebook. ConnectU will resume its case against Facebook for copying its original business plan.
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Facebook wants to end its long and bitter lawsuit with ConnectU, which accused Facebook of stealing its idea of social networking for students.
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