In the movie version of the bestselling book The Accidental Billionaires: The Founding of Facebook, Eduardo Saverin threatens to sue his friend Mark Zuckerberg when he finally discovers that his original 30% equity stake in Facebook–the social network business he cofounded with Mark and Dustin Moscovitz–has been diluted all the way down to “point zero three percent.” Eduardo confronts Mark: “You better lawyer-up, asshole, ’cause I’m not coming back for my 30 percent, I’m coming back for everything!” In other words, Eduardo threatens to sue for significant monetary damages … But given everything we’ve studied thus far (i.e. Lessons 1 through 9), under what legal theories could Eduardo sue Mark for, and what type of court (State or federal) would have jurisdiction to decide Eduardo’s legal claims? By the way, in real life, Mark actually sued Eduardo first! Why?
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