St. Louis professor’s lawsuit against Square going to trial in June

A U.S. District Court judge has denied Square Inc.’s request for summary judgment in a lawsuit brought against the company by Washington University professor Robert Morley.

A trial in the case is set to begin in June.

Morley filed a lawsuit in 2014 that alleges Square’s origin story is a fabrication and he alone invented the credit card processing device. Morley said he was “betrayed” by St. Louis natives Jim McKelvey and Jack Dorsey, who are generally credited as the co-founders of the payment technology company.

Dorsey owns about 24 percent of the company, and McKelvey owns about 9.1 percent. According to the judge’s denial, Morley owns less than 2 percent.

San Francisco-based Square, founded in 2009, went public in 2015.

Read more: St. Louis Business Journal

Tags:, , , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students