September 09, 2025
A Manhattan federal judge Tuesday knocked out consolidated litigation alleging Block's stock price plummeted after the financial technology company dilly-dallied disclosing a 2021 data breach stemming from a former employee's alleged theft of customer information, saying the complaint doesn't allege Block made misleading statements or knew it was misleading investors.
October 12, 2022
Mobile payments company Block Inc. is facing another proposed class action over a December 2021 incident in which a former employee downloaded customer information without authorization, this time from an investor who says the company's stock price plummeted after Block waited too long to disclose the breach.