Block, Inc.

Esposito v. Block, Inc. et al., (Case No. 1:22-cv-08636), S.D.N.Y.

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On April 4, 2022, in SEC and other regulatory filings, Block announced that it had suffered a data breach affecting 8.2 million current and former customers (the “Data Breach”). The Company disclosed that on December 10, 2021, the same day that Square changed its name to Block, a former employee downloaded certain reports of Block’s subsidiary Cash App Investing LLC, including U.S. customer information. The data compromised included the full name, brokerage account numbers, brokerage portfolio values, holdings and/or stock trading activity for one trading day of some Cash App Investing customers.

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