Block Inc., a digital financial services firm embroiled in a legal battle over its new name, will see its top lawyer Sivan Whiteley step down in the new moon
Whiteley has spent the last ten years working on the Block and Square previously. He will step down as chief legal officer and company secretary effective February 16, according to a filing of securities.
Block announced his attorney general Christine “Chrysty” Esperanza to replace Whiteley as interim legal director when he leaves in five weeks. Esperanza was previously deputy general counsel at Square, where she reported to Whiteley.
The company was led by a billionaire Check out Dorseysaid at the end of Thursday’s filing that Whiteley “made significant contributions” during his tenure.
The change in legal guardian comes as Block continues to fight a brand name filed against tax preparation giant H&R Block Inc. Block has rebranded itself from Square in late 2021 to expand beyond its core payment products business into new areas such as blockchain, money transfer, and music.
Whiteley will continue to provide “support and advisory services” to Block on April 7, the company said. He plans to take a year off before deciding on his next endeavor.
Last year Whiteley joined the board of directors of LegalZoom Inc., a legal technology company. Non-employee directors are eligible for $35,000 each, in addition to other cash and stock benefits, according to the company’s latest filings. company. file replacement.
Blocks appear differently file replacement last year Whiteley was given a salary package of more than $7.5 million in 2021. general advice of Square since 2018 and was appointed as the legal manager of Block in December 2021.
H&R Block stated in its trademark that Block was a legitimate competitor because of its received Credit Karma Taxes in 2020. Block, represented by Quinn Emanuel Urquhart & Sullivan and Armstrong Teasdale, appeal a interim order won by H&R Block last year in the US Court of Appeals for the Eighth Circuit.
Debevoise & Plimpton and Kansas City, Mo.-based litigation boutique Berkowitz Oliver are advising H&R Block in the dispute. The Eighth Circle hear arguments in September from H&R Block seeking to stop Block from using its business name for its Cash App mobile payment service.
Block, which court documents say is not a business itself but a parent company, has many branches. These include the Cash App, Square, a cryptocurrency group called TBD, and Tidal, a music streaming service that has take more shares in early 2021. Block also last year adopted an investment sharing model.