Square Inc., the digital payments processor, and its board of directors were slapped with a shareholder lawsuit Monday in Pennsylvania Eastern District Court over its proposed acquisition of Afterpay Limited for $29 billion. The lawsuit was brought by Grabar Law Office and C.O. Law on behalf of Leo Shumacker. Counsel have not yet appeared for the defendants. The case is 2:21-cv-04665, Shumacker v. Square, Inc. et al.

This suit was surfaced by Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. Law.com Radar publishes daily updates on just-filed federal cases like this one. Click here to get started and be first to know about new suits in your region, practice area or client sector. Read the complaint here: