Block, Inc. announced on September 9, 2025, that it won the dismissal of a proposed class-action lawsuit. The litigation claimed the company defrauded shareholders in connection with a data breach at its Cash App payment service in 2021.
The dismissal of this lawsuit removes a legal overhang that had been a source of uncertainty for investors. This outcome alleviates potential financial liabilities and reputational damage associated with the allegations.
The ruling is a positive development for Block, allowing the company to focus on its core business operations and growth initiatives without the distraction and cost of ongoing litigation related to the data breach.
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