CEO who pledged $70K minimum wage sued by brother


ASSOCIATED PRESS: The Seattle CEO who made news by raising his company’s minimum wage to $70,000 a year is being sued by his brother.

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ASSOCIATED PRESS: The Seattle CEO who made news by raising his company’s minimum wage to $70,000 a year is being sued by his brother.

The Seattle Times reports that Lucas Price accuses his brother and co-founder, Dan Price, in court documents of violating his rights as minority shareholder in Gravity Payments and breaching duties and contracts.

The complaints were initially signed March 13 and filed April 24, 11 days after Dan Price announced the pay raises for the 120 employees of Gravity Payments.

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