Delaware Court of Chancery, left, on The Circle in Georgetown, Delaware. Credit: Antony-22 via Wikimedia Commons Block Inc.'s Failure to Disclose Data Breach Kept Up Stock Price, Shareholder Lawsuit Says
The complaint brings claims against Block's co-founder and chairperson, Jack Dorsey, along with Block's 10 other board members, including Jay-Z, who founded the majority Block-owned music platform TIDAL.
March 09, 2023 at 03:13 PM
2 minute read
Technology Media and Telecom
A shareholder has filed a derivative suit against Square and Cash App parent company Block Inc. claiming the company illegally failed to register stock it distributed and kept share prices inflated by failing to disclose a data breach for months.
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