Square Execs Hit With IP Suit By Washington Univ. Professor

Law360, Los Angeles (January 30, 2014, 9:30 PM EST) -- A professor at Washington University in St. Louis hit mobile credit card processing company Square Inc. and its co-founders with a breach of contract and patent infringement suit in Missouri federal court on Thursday, saying he invented the company's signature card reader but was cut out of the startup.

The suit, which targets Square, Twitter co-founder Jack Dorsey and fellow Square creator James McKelvey Jr., calls the publicized origin story of the company a “fabrication.” According to the complaint, it was Professor Robert E. Morley Jr....
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