84% of Facebook could soon fall into the hands of a web designer called Paul Ceglia. It is vastly unlikely that Facebook will fall into the hands of this web designer, but to prevent it Facebook will have to disprove Cegliaâ€™s claims in court.
According to the lawsuit (below), filed in the Supreme Court in New York last month, Paul Ceglia signed a contract with Facebook in April 2003 to design and develop thefacebook.com, which was Facebooks original name.
Ceglia claims that, according to the contract, he was to be given a $1,000 fee and a 50% stake in Facebook for services rendered, with a further 1% stake for each day until the site was finished, which was on February 4, 2004. Add it all up, and Ceglia claims he should be the owner of 84% of Facebook.
Although it is unlikely that Ceglia will win the lawsuit it already caused some problems for Facebook. The court has issued a temporary restraining order, that prevents founder Mark Zuckerberg and Facebook from transferring any assets. Facebook has also asked for the case to be transferred to a federal court, and is trying to have the case annulled.