As the ConnectU case winds down, a new Facebook valuation is revealed

Facebook and erstwhile rival social network ConnectU reached a settlement last month, after a lengthy court battle. ConnectU’s founders were given Facebook stock, in what was a de facto acquisition of the company by Facebook. But ConnectU’s founders have been trying to keep the case open — they’ve claimed to have new evidence that Facebook low-balled the value of the stock they received for the settlement.This new evidence, according to a court document obtained by the New York Times, is as follows:The Term Sheet and Settlement Agreement is also unenforceable because it was procured by Facebook’s fraud. Indeed, based on a formal valuation resolution approved by Facebook’s Board of Directors but concealed from ConnectU, the stock portion of the purported agreement is worth only one-quarter of its apparent value based on Facebook’s public press releases.So, ConnectU has apparently obtained a copy of a tax document showing that Facebook valued itself at $3.75...