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IN RE BLOCK, INC. SECURITIES LITIGATION
Case Number:
1:22-cv-08636
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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September 09, 2025
Block Beats Investor Action Over 2021 Customer Data Breach
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.
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October 12, 2022
Block Hit With Investor Action Over Customer Data Breach
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.