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.