Facebook and several other companies sued by Aaron Greenspan

May 7, 2013
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Aaron Greenspan has sued Facebook, along with a myriad of other tech companies, according to a lawsuit filed on Monday, May 6. If you just experienced a case of deja vu, it's likely because you've heard this tune before - this isn't the first time Greenspan has sued Facebook (or other companies), and we'll be surprised if it ends up being the last. The lawsuit was initiated by Greenspan's company Think Computer.

Greenspan has long claimed that Zuckerberg stole many of his ideas during their days at Harvard, using them to create what is now Facebook. He later went after the Facebook trademark, eventually leading to a settlement of which its terms are not known. And this, not surprisingly, is just a small list of the man's lawsuits, which have even included the state of California. Despite the years of badgering, Greenspan still isn't finished, and has once again targeted the social network in addition to companies referred to as Money Services Businesses.

Among these other companies are Airbnb, Y Combinator, Dwolla, Square, Coinbase, Andreessen Horowitz, A-Grade, Sequoia Capital, DST Global, and more. In addition, several individuals were also named in the suit, including Reddit's CEO Yishan Wong and PayPal's Max Levchin. In essence, just about every company you can think of dealing in categories akin to digital payments located in Silicon Valley.

The lawsuit alleges that the aforementioned companies and individuals have violated California's Bank Secrecy and Money Transmission acts, as well as "various other statutes." It goes on to accuse in long verbose mode the companies of knowingly working under the radar instead of complying with the acts, and says that their investors are guilty by association. Greenspan declined commenting on the matter.

[via The Next Web]


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