A Northern California real estate developer is suing Facebook founder
Mark Zuckerberg over a deal involving property behind Zuckerberg's
Mircea Voskerician says 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 might want to buy homes.
Voskerician says Zuckerberg never made those introductions.
lawsuit, filed this month in Santa Clara County, claims breach of
contract. The San Jose Mercury News reported
the lawsuit Monday.
Zuckerberg's attorney, Patrick Gunn, told the
Mercury News his client paid Voskerician $1.7 million for the right to
buy the property. He says Voskerician's lawsuit is meritless.
Facebook CEO Mark Zuckerberg paid over $43 million in separate deals to
buy four homes and lots adjoining his house in the tony Crescent Park
neighbourhood of Palo Alto in late 2012 and 2013 after learning that a
developer planned to build a large house behind his existing home.
stated he did not want construction in his backyard for 14 months and
told Voskerician that he would refer him business and make him
introductions if, in exchange, Voskerician would help him secure his
privacy," the lawsuit states.
Zuckerberg reaped a $3.3 billion
gain last year by exercising stock options in the social networking
company that he founded in a Harvard University dorm room.
Zuckerberg and his wife, Priscilla Chan, were the most generous American
philanthropists in 2013, with a donation of 18 million shares of
Facebook stock, valued at more than $970 million, to a Silicon Valley
nonprofit in December.
Written with agency inputs.