(SEATTLETIMES) — A Seattle CEO who received widespread recognition after announcing plans to raise his credit-card-processing company’s minimum salary to $70,000 is being sued by his brother, King County Superior Court documents show.
Lucas Price, co-founder and director of Gravity Payments, accuses his brother, co-founder and CEO Dan Price, of violating Lucas’ rights as minority shareholder and breaching duties and contracts, according to court records.
The complaints were initially signed March 13 and filed April 24, 11 days after Dan Price announced the pay raises. Attorney Greg Hollon, who represents Lucas Price, said that while that announcement may play a role in the proceedings, it does not relate directly to the lawsuit.
Advertisement - story continues below