Cash App Class Action Lawsuit 2024 Update. Cash app and its parent company were negligent in their data security measures, leading to a 2021 data breach that released the information of 8.2 million. The cash app class action lawsuit alleges that block (formerly square, inc.) and cash app investing were aware of the risk of the unauthorized disclosure of customer.

That leaves 90 million shares outstanding and a $5 billion pot of money. A $15 million class action settlement has been reached with cash app over a data breach incident that resulted in customer information being leaked.