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Ummm, if this is legit, then this is HUGE news.

Facebook hit with a restraining order
A New York court blocks the social networking site from transferring assets after a man claims he owns 84% of the company.

Posted by Elizabeth Strott on MSN Money

A New York judge issued a temporary restraining order against the social networking site Facebook after a New York man sued the company, claiming he owns an 84% stake in it.

Paul Ceglia filed a suit in the Supreme Court of New York’s Allegany County on June 30, claiming that a 2003 contract he signed with Facebook founder and chief executive Mark Zuckerberg entitles him to ownership of the company and monetary damages.

Ceglia claims that he signed a contract with Zuckerberg on April 28, 2003, and that he paid $1,000 to develop and design a Web site in exchange for a 50% stake in the product.

The contract stipulated that Ceglia would get an additional 1% interest in the business for every day after Jan. 1, 2004, until it was completed. The project was finished 34 days late.

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