The twins opposed the original settlement soon after it was agreed upon, saying Facebook hid information that revealed the true value of its stock. At the time, they said they were led to believe the 1.2 million shares it received in the settlement were worth almost $36 each, when in fact they were worth $8.80 each.
Their long legal battle to adjust the settlement, now worth as much as $200 million, has resulted in nothing but failure.
“For whatever reason, [the Winklevosses] now want to back out. Like the district court, we see no basis for allowing them to do so. At some point, litigation must come to an end," wrote Chief Justice Alex Kozinski in a U.S. appeals court decision that agreed with a district court's previous ruling. "That point has now been reached.”
But it hadn't. The twins announced in May that they intended to file a Petition for Certiorari with the Supreme Court. They decided to drop that appeal on Wednesday before filing Thursday's fresh lawsuit.