Facebook Inc (FB) founder sued in real estate deal

Posted May 14, 2014

Facebook Inc (NASDAQ:FB) founder Mark Zuckerberg is being sued by a Northern California real estate developer over a deal related to property behind Zuckerberg’s home. Mircea Voskerician said he agreed to sell his stake in the property to Zuckerberg in exchange for a promise that Zuckerberg would introduce him to other wealthy people who may want to buy homes.
Voskerician said Zuckerberg never made the introductions.

The lawsuit was filed this month in Santa Clara County and claims breach of contract. Zuckerberg’s attorney Patrick Gunn said that his client paid Voskerician $1.7 million for the right to buy the property and that the lawsuit is “meritless.”

Zuckerberg paid $43 million in separate deals to buy four homes and lots adjoining his property in the Crescent Park neighborhood in late 2012 and early 2013 after finding out that a developer planned to build a large house on one of the lots behind his home.

“Here’s this guy who built his business on connections and relationships, and all he had to do was make some introductions, but he blew my client off,” stated Voskerician’s attorney David Draper. Draper said that the agreement to make introductions was not spelled out in a written contract, but was witnessed by several people that attended the meeting between Zuckerberg and Voskerician.