Zuckerberg sued for fraud in Palo Alto land deal | May 16, 2014 | Palo Alto Weekly | Palo Alto Online |

Palo Alto Weekly

News - May 16, 2014

Zuckerberg sued for fraud in Palo Alto land deal

Developer claims Facebook CEO failed to deliver on promise of business referrals, but Zuckerberg denies 'agreement'

by Sue Dremann

Facebook CEO Mark Zuckerberg is being sued by a real-estate developer for fraud in a deal that allegedly included promises for business introductions in exchange for buying out a contract to purchase a property adjacent to Zuckerberg's home at a deep discount. But Zuckerberg's attorneys say he never had any such agreement, and the developer is just looking to extract more money and embarrass their client.

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Staff Writer Sue Dremann can be emailed at sdremann@paweekly.com.


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