SEATTLE (GeekWire) -- A judge ruled in favor of Gravity Payments CEO Dan Price on all counts today in a suit filed against him last year by his brother and business partner, Lucas Price — capping, at least for now, a hard-fought legal dispute between the owners of a Seattle-based company known for raising its minimum salaries to $70,000 a year.
The ruling by King County Superior Court Judge Theresa B. Doyle declares Dan Price “the substantially prevailing party on all of Lucas Price’s claims,” rejecting allegations that Dan Price awarded himself excessive compensation and worked against his brother’s interests as minority shareholder. The ruling includes an award of attorneys’ fees and other expenses to Dan Price from his brother.
The ruling follows a trial that spanned three weeks in May and June in downtown Seattle, exploring the complicated relationship between the brothers, and delving into the inner workings of the credit-card processing company, which has been valued at more than $80 million.
