Block defeats shareholder lawsuit over 2021 Cash App data breach

Core Viewpoint - Block, the technology and financial services company led by Jack Dorsey, successfully had a proposed class-action lawsuit dismissed that accused it of defrauding shareholders [1] Group 1 - The lawsuit claimed that Block misled investors regarding its business practices and financial performance [1] - The dismissal of the lawsuit is a significant legal victory for Block, potentially alleviating concerns among investors [1] - The outcome may positively impact Block's stock performance and investor confidence moving forward [1]