Square Inc., professor finalize settlement

1 year 1 month 1 week ago June 13, 2016 Jun 13, 2016 Monday, June 13 2016 Monday, June 13, 2016 11:30:38 AM CDT in News
By: The Associated Press

ST. LOUIS (AP) — The tech company Square Inc. and a St. Louis professor have finalized a settlement over development of the mobile payment device.

San Francisco-based Square makes the device that plugs into smartphones and tablet computers, facilitating credit card payments. The company, founded by Twitter co-founder Jack Dorsey and another St. Louis native, Jim McKelvey, processes about $30 billion in transactions each year. Square opened an office in St. Louis last year.

Washington University associate professor Robert Morley sued in 2014, alleging he was unfairly cut out of the enterprise after developing key software for Square. That led to a settlement that became public in May when Square recorded a $50 million charge.

The St. Louis Post-Dispatch reports that a federal court official on Monday confirmed the settlement is final.

More News

Grid
List
FERGUSON (AP) — The president of the National Urban League says he's seen "steps in the right direction" in Ferguson,... More >>
8 minutes ago July 26, 2017 Jul 26, 2017 Wednesday, July 26 2017 Wednesday, July 26, 2017 5:42:58 AM CDT in News
COLUMBIA - The Missouri Department of Conservation is encouraging eclipse viewers to visit the state’s conservation areas Aug. 21 to... More >>
11 hours ago July 25, 2017 Jul 25, 2017 Tuesday, July 25 2017 Tuesday, July 25, 2017 6:45:00 PM CDT in Eclipse Events
ST. LOUIS (AP) — Relatives of the man who died during a shootout with police al ong a Missouri interstate... More >>
12 hours ago July 25, 2017 Jul 25, 2017 Tuesday, July 25 2017 Tuesday, July 25, 2017 5:23:14 PM CDT in News
JEFFERSON CITY (AP) — Missouri lawmakers have passed legislation to impose new regulations on abortion and give the attorney general... More >>
13 hours ago July 25, 2017 Jul 25, 2017 Tuesday, July 25 2017 Tuesday, July 25, 2017 4:32:00 PM CDT in News
COLUMBIA - Some residents have received an email from a phony city traffic collections department, the City of Columbia Parking... More >>
13 hours ago July 25, 2017 Jul 25, 2017 Tuesday, July 25 2017 Tuesday, July 25, 2017 4:29:00 PM CDT in News
JEFFERSON CITY - After a tragic accident that took the lives of two Jefferson City residents this past weekend people... More >>
13 hours ago July 25, 2017 Jul 25, 2017 Tuesday, July 25 2017 Tuesday, July 25, 2017 4:06:00 PM CDT in News
COLUMBIA - COMO Connect will propose budget cuts to the city council headlined by the possible cancellation to three different... More >>
13 hours ago July 25, 2017 Jul 25, 2017 Tuesday, July 25 2017 Tuesday, July 25, 2017 4:04:00 PM CDT in News
COLUMBIA - The University of Missouri referred a case of possible misappropriation of funds by a former staff member from... More >>
14 hours ago July 25, 2017 Jul 25, 2017 Tuesday, July 25 2017 Tuesday, July 25, 2017 3:37:00 PM CDT in News
COLUMBIA - Summer road trips are going to be cheaper for Missouri drivers this year. According to AAA, the... More >>
14 hours ago July 25, 2017 Jul 25, 2017 Tuesday, July 25 2017 Tuesday, July 25, 2017 3:15:00 PM CDT in News
JEFFERSON CITY (AP) — A Missouri woman has reached a settlement in a lawsuit she filed against a former neighbor... More >>
18 hours ago July 25, 2017 Jul 25, 2017 Tuesday, July 25 2017 Tuesday, July 25, 2017 11:13:00 AM CDT in Top Stories
ST. JOSEPH, Mo. (AP) — Authorities have identified the victims of a triple shooting at a St. Joseph apartment complex... More >>
21 hours ago July 25, 2017 Jul 25, 2017 Tuesday, July 25 2017 Tuesday, July 25, 2017 8:32:00 AM CDT in News
COLUMBIA- The Mizzou International Composers Festival began its series of concerts Monday night with a free show at Whitmore Recital... More >>
21 hours ago July 25, 2017 Jul 25, 2017 Tuesday, July 25 2017 Tuesday, July 25, 2017 8:00:00 AM CDT in News
FLORISSANT, Mo. (AP) — Authorities say a custodian for a St. Louis suburb took photos under the skirts of female... More >>
22 hours ago July 25, 2017 Jul 25, 2017 Tuesday, July 25 2017 Tuesday, July 25, 2017 6:57:00 AM CDT in News
JEFFERSON CITY - On Monday, Mayor Carrie Tergin presented her approved budget to the city council. Tergin calls the... More >>
1 day ago July 24, 2017 Jul 24, 2017 Monday, July 24 2017 Monday, July 24, 2017 9:08:00 PM CDT in News
COLUMBIA - Columbia College has seen drastic growth in enrollment and will spend $20 million to expand its campus. Columbia... More >>
1 day ago July 24, 2017 Jul 24, 2017 Monday, July 24 2017 Monday, July 24, 2017 6:16:00 PM CDT in News
FULTON - Fulton Medical Center announced the hospital will be closing no later than September 22 and the announcement comes... More >>
1 day ago July 24, 2017 Jul 24, 2017 Monday, July 24 2017 Monday, July 24, 2017 5:13:00 PM CDT in News
ARNOLD (AP) — Investigators said a motorist who died after a shootout with police along a busy Missouri interstate had... More >>
1 day ago July 24, 2017 Jul 24, 2017 Monday, July 24 2017 Monday, July 24, 2017 4:21:00 PM CDT in News
KANSAS CITY (AP) — More than 28,000 people in the Kansas City metro area remain without power after weekend storms... More >>
1 day ago July 24, 2017 Jul 24, 2017 Monday, July 24 2017 Monday, July 24, 2017 4:17:00 PM CDT in News
Columbia, MO
Broken Clouds 73°
6am 74°
7am 75°
8am 79°
9am 84°

Select a station to view its upcoming schedule:

Coming Up Next

5:00a
KOMU 8 News Today
6:00a
KOMU 8 News Today
7:00a
Today
5:30a
Paid Program
6:00a
King of the Hill
6:30a
King of the Hill

Tonight's Schedule

7:00p
Little Big Shots: Forever Young
8:00p
The Carmichael Show
8:30p
The Carmichael Show
9:00p
Law & Order: Special Victims Unit
7:00p
Arrow
8:00p
Supernatural
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld