Shareholder’s Complaint Over Allegedly Misleading Proxy Statement Dismissed

( December 2, 2024, 9:24 AM EST) -- SAN DIEGO — Finding that a shareholder’s allegations that Block Inc. and its current and former directors made misstatements about the internal controls relating to the technology company’s Cash App in the company’s 2024 proxy statement “are implausible and insufficiently detailed,” a federal judge in California granted the defendants’ motion to dismiss....