Last week we reported that one Paul D. Ceglia recently filed a suit in the United States Supreme court to have a 2003 contract between Zuckerberg and himself validated. Ceglia claimed that the contract was signed for work performed on an early version of the website and stated that he would recieve a $1 000 fee and a 50% stake in the company. It also stated that Ceglia would receive an additional 1% interest in the site for every day until it was completed after Jan 1, 2004.

 

"Whether he signed this piece of paper, we're unsure at this moment," Facebook lawyer Lisa Simpson told U.S. District Judge Richard Arcara in Buffalo, New York, CNET reports. 

 

The purpose behind the hearing was reportedly to dissolve an injunction which prevents the company from transferring assets; this will expire on Friday. 

 

It is currently unclear how the court case will proceed. If it goes ahead in Ceglia’s favour it might result in turmoil for the 26 year old Zuckerberg, who is reportedly worth $4 billion in his own right.