Block

Federal Judge Extends Block on Trump Administration’s Attempt to Freeze Billions in Federal Funding

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WASHINGTON — A federal judge in the nation’s capital has extended a prohibition on the Trump administration’s ability to interfere with federal loans and grants, marking a significant blow to a policy that sought to halt billions in government spending. U.S. District Judge Loren AliKhan issued a preliminary injunction on Tuesday, suggesting a strong chance of success for the nonprofit groups that have challenged the administration’s actions in court. This recent order follows a temporary restraining order by AliKhan, which had initially halted the administration’s sudden suspension of federal aid. Such sweeping freezes were originally … Read more

Judge Issues Temporary Block on DOGE from Accessing Confidential Data at Key Federal Agencies

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A federal judge has issued a temporary injunction preventing DOGE, a private entity, from accessing sensitive information housed within two key government agencies. This unprecedented move highlights concerns over the security and appropriate use of classified government data. The decision came after allegations surfaced suggesting that DOGE may have sought to utilize this sensitive information for purposes beyond their stipulated scope of use. The exact nature of the information and the identity of the two agencies involved have not been disclosed to protect ongoing operations and security protocols. This ruling underscores growing scrutiny and the … Read more

Illinois Judge Refuses to Block Law Limiting Credit Card Swipe Fees on Tips and Taxes, Banking Groups Vow to Fight On

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SPRINGFIELD, Ill. – In a significant legal ruling, a federal judge on Thursday refrained from halting an Illinois law designed to limit certain charges by credit card companies, which is set to alter transaction fee structures statewide. These companies typically impose “swipe fees” on merchants for processing credit and debit card payments. Last spring, the Illinois Legislature enacted the Interchange Fee Prohibition Act, a pioneering law that prohibits these fees on the taxation and gratuity portions of credit and debit card transactions, effective from July 1. This legislative move, part of the state’s budget resolution, … Read more

SQ Investors Called to Spearhead Major Lawsuit Against Block, Inc. Over Alleged Securities Fraud

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Investors of Block, Inc. (formerly known as Square, Inc.), the San Francisco-based financial technology company, have been presented with an opportunity to lead a securities fraud lawsuit. The litigation stems from allegations that the company provided misleading information about its financial activities and business operations. This has raised concerns among shareholders about potential violations of federal securities laws. The case against Block, Inc. highlights significant claims that the company failed to adequately disclose the risks associated with its acquisition of Afterpay, a ‘buy now, pay later’ service. This purchase, which was executed to enhance Block’s … Read more