Block Inc. Data Breach Suits Halted as Court Appoints Lead Firms

Four Block Inc. investor suits against the company’s directors over a data breach at its Cash App unit will be consolidated and put on hold pending the outcome of any dismissal motions in a related class action.

Lead counsel for the investors will be Weiss Law and the Brown Firm PC, Judge Andrew L. Carter Jr. said Monday for the US District Court for the Southern District of New York.

The action organizes a flurry of litigation over an incident that potentially exposed the personal financial information of over 8 million users, according to the complaints.

The investors say ...