Facebook CEO Mark Zuckerberg facing lawsuit over Palo Alto home

Facebook CEO Mark Zuckerberg facing lawsuit over Palo Alto home

Facebook CEO Mark Zuckerberg is facing a lawsuit filed by Mircea Voskerician over a dispute regarding his Palo Alto home. Voskerician had informed Zuckerberg in November 2012 that he planned to build a house behind his property in Palo Alto.

Concerned about his privacy, Zuckerberg made an offer to Voskerician to buy some portion of the property owned by Voskerician. Real estate developer Voskerician was planning to build a 9,600 square feet house behind Zuckerberg’s home.

The report that appeared in New York Times suggests that Voskerician filed a lawsuit against Zuckerberg claiming the Facebook CEO and his real estate agent Terri Kerwin cheated him and made false promises. One document filed in the court has also asked for the details of Zuckerberg’s net worth and personal finances.

Facebook has not commented on the matter as the company considers it Zuckerberg’s personal matter. Zuckerberg’s lawyer Patrick Gunn said that the lawsuit has no merit and his client will defend his viewpoint on the matter.

A local real estate developer, Mircea Voskerician, signed a contract worth $4.8 million to buy the property behind Mark Zuckerberg’s very private residence in Palo Alto. Voskerician said that he had a meeting at Facebook headquarters in Menlo Park on December 4, 2012. Voskerician added that he wanted to sell his interest in the entire property to settle the issue.

Voskerician wanted to use Zuckerberg to get introduced to powerful people in the Silicon Valley and he discussed the issue during the meeting at Facebook headquarters. The earlier deal worth $4.3 million was later accepted with both parties at $1.7 million with a promise from Zuckerberg that he would introduce Voskerician to influential people in the Silicon Valley.

A sworn declaration by John Forsyth James, a real estate agent for Mr. Voskerician, said, “He indicated that he would refer Mr. Voskerician to others and promote him through his connections, his friends, clients of Facebook and others that Mr. Zuckerberg knew to be influential. Ultimately, Mr. Zuckerberg failed to honor his promise.”

About the lawsuit, Zuckerberg's wife Priscilla Chan, said, "It's stuff like this that makes me so sad and angry." Zuckerberg has not commented on the lawsuit.

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