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Melissa Allison follows the world's biggest coffee-shop chain and other Seattle caffeine purveyors.

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May 7, 2009 5:52 PM

Two more Top Pot Doughnuts investors sue; court dismissed 5 of 11 counts in first investor lawsuit

Posted by Melissa Allison

Remember the investor who sued Top Pot Doughnuts in February, saying her slice of ownership in the company had been diluted? A judge dismissed five of 11 causes of action in Jan Johnson's case on April 24.

A day earlier -- April 23 -- the lawyer who represents Johnson filed a similar lawsuit on behalf of two other Top Pot investors. In the new lawsuit, Robert and Virginia Dickson allege that they have never received a return on their investment.

Unlike the earlier lawsuit, which included details about Johnson's early investment, the Dickson lawsuit does not say how much money they invested or when. John Du Wors, the lawyer who filed both lawsuits in King County Superior Court, did not return my telephone calls.

Top Pot's attorney, Josh Brower, said, "As with Ms. Johnson's lawsuit, we expect to resolve it quickly."

Brower also said that the Dicksons invested a little more than $300,000 and received $150,000 and stock in the company in return. "We think the Dicksons have been treated fairly," he said.

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