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Philadelphia Business Litigation Lawyers: Mark Zuckerberg Settles Contract Lawsuit

A real estate developer filed a case against Mark Zuckerberg, founder of Facebook Inc., alleging that Zuckerberg reneged on a promise to help the realtor develop his business in exchange for a discounted price on real estate that would have blocked the view from Zuckerberg’s home.

Initially, Zuckerberg was to buy the rights to purchase a property overlooking his Palo Alto, California home for $1.7 million from developer Mireca Voskerician. Voskerician had asserted that he and Zuckerberg agreed to this discounted price in exchange for a customer list comprised of Silicon Valley’s tech elite after the realtor threatened to build a mansion that would block much of Zuckerberg’s view.  These allegations formed the basis of Voskerician’s contract lawsuit against Zuckerberg for failing to live up to his end of the bargain.

However, it appears the developer’s case began to unravel after Zuckerberg’s lawyers’ allegedly discovered fraudulent bank statements produced by the developer. The developer has allegedly dropped the lawsuit in exchange for a promise that Zuckerberg will not sue him.

Philadelphia Business Lawyers at the Law Offices of Sidkoff, Pincus & Green Routinely Handle All Types of Contract Matters

At Sidkoff, Pincus & Green, we are known for our detail-oriented approach to contract law. If you have questions about a contract matter, contact one of our experienced Philadelphia commercial contract lawyers at 215-574-0600 or contact us online. With offices located in Philadelphia, we represent clients throughout Southeastern Pennsylvania and South Jersey.