January 12, 2026
Block & Leviton LLP, Hach Rose Schirripa & Cheverie LLP, Lieff Cabraser Heimann & Bernstein LLP and Cohen Milstein Sellers & Toll PLLC make this week’s list after a California federal judge ruled Tuesday that Block Inc. — the parent company of Square and Cash App — must face claims of compliance failures in a class action and separate derivative suit.
U.S. District Judge Noel Wise ruled that the derivative suit adequately pled that Block’s board failed to properly oversee the company’s compliance program. The judge also declined to dismiss the parallel class action, disagreeing with Block and its executives that the challenged statements in the complaint were not misleading.
The investors in the derivative suit are represented by Jason Leviton, Nathan Abelman, Jacob Walker and Lindsay Faccenda of Block & Leviton, and Daniel Rehns, Scott Jacobsen and John Baylet of Hach Rose.
The investors in the class action are represented by Richard Heimann, Katherine Lubin Benson, Courtney Liss, Steven Fineman, Daniel Chiplock, Nicholas Diamand and Gabriel Panek of Lieff Cabraser, and Julie Goldsmith Reiser, Claire Marsden, Michael Eisenkraft and Benjamin Jackson of Cohen Milstein.