This is stupid and that case is a sad joke. I don't see how the idea could have been stolen since Friendster, Myspace and probably some others existed before FB.
Even so the case is a joke. He stole the code he wrote himself? I think allegedly he didn't honor a verbal agreement to write a site for the connectU founders, that is very different from someone "stealing the code" and it's silly to even consider FB's success and CU's lack there of is due to the fact that they launched a month or two earlier.
In any case, I was responding to jrockway's comment
"someone who steals his employer's idea and makes billions off it".