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Block defeats shareholder lawsuit over 2021 Cash App data breach
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Block defeats shareholder lawsuit over 2021 Cash App data breach
Sep 9, 2025 3:22 PM

NEW YORK, Sept 9 (Reuters) - Block, the

technology and financial services company led by Twitter

co-founder Jack Dorsey, won the dismissal on Tuesday of proposed

class-action litigation claiming it defrauded shareholders in

connection with a data breach at its Cash App payment service.

U.S. District Judge Margaret Garnett in Manhattan refused to

hold Block liable for allegedly misrepresenting its data

security and concealing the December 2021 breach, where a former

employee downloaded personal information of about 8.2 million

Cash App users.

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