Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Facebook Inc (FB)’s CEO Mark Zuckerberg Vs. Property Developer: Can Zuckerberg Win The Lawsuit Against Him?

Facebook Inc (NASDAQ:FB) CEO, Mark Zuckerberg might have faced a lot of lawsuits in his career, but a real estate developer, Mircea Voskerician has filed a lawsuit against Zuckerberg claiming that Zuckerberg stiffed him on the promise that he will introduce Voskerician to valuable social network. But Voskerician alleges that Zuckerberg did not fulfil the promise. David Min, Assistant Professor of Law at University Of California talked on Bloomberg TV about this case and his opinion of it.

Facebook, is FB a good stock to buy, Mark Zuckerberg, internet access, free Facebook,,

Min said that if what Voskerician alleges is true, it is going to be a pretty strong case against Facebook Inc (NASDAQ:FB) CEO Zuckerberg.

“[…] What he (Voskerician) is alleging is that this house was worth $4.3 million or more and that Mr. Zuckerberg wanted to buy the house and what he ended up promising was $1.7 million as a cash payment or some sort of payment along with promises to introduce him to his valuable social network and that would be more significant amounts of money. If that promise was made and if that promise was exchanged as part of this deal for purchasing Mr. Voskerician’s house, I think it definitely is a pretty strong case,” Min said.

 There are no agreement or written notes about the promises made for the deal between Facebook Inc (NASDAQ:FB) CEO, Zuckerberg and the real estate developer. Min accepted that the actual contract signed between Zuckerberg and Voskerician did not include anything about the promises. But he added that as per law, oral promises hold same merit as the written document, and he feels that it’s just a matter of how you prove that oral promise with evidences.

Min said that Voskerician is holding some valid evidence against Facebook Inc (NASDAQ:FB) CEO Zuckerberg. Min added that the time line or validity of this oral promise is very difficult to arrive at and hence Zuckerberg’s attorney might hold it as a key point in favor of Zuckerberg. But, he feels that Voskerician is requesting for deal reversal, which would imply that Voskerician would repay $1.7 million with interest to Zuckerberg and Zuckerberg would return the home to the real estate developer. He thinks that with this term, the court might device in favor of Voskerician.

Disclosure: None

I just made 84% in 4 daysI Just Made 84% in 4 Days By Blindly Following This Hedge Fund

I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said “I lost money by EXACTLY following your stock picks”. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!