Facebook to settle ConnectU lawsuit
Neither Facebook nor ConnectU have issued statements regarding the rumored settlement, and it's not clear what the terms of the settlement are. But Facebook has apparently dropped its countersuit against ConnectU.
We're fairly confident that Facebook with its pockets (and swimming pools) lined with money and its corporate lawyers could have crushed ConnectU in court. But the settlement helps keep the ordeal out of the public eye and could help protect Mark Zuckerberg's ego. Parts of his diary have already been published as a result of the legal action.