Judge Tosses Block Shareholder Lawsuit Over ‘Terrible’ Tidal Purchase

Judge Tosses Block Shareholder Lawsuit Over ‘Terrible’ Tidal Purchase

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A Delaware judge has dismissed a shareholder lawsuit against financial technology company Block Inc. over its 2021 acquisition of majority ownership in Tidal, the music streaming service partly owned by rapper Jay-Z. A pension fund shareholder alleged that Block founder and CEO Jack Dorsey and the…

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