Important Notice for Shareholders of Block, Inc.:
New York, NY – The Gross Law Firm, a leading national shareholder rights law firm, issues the following notice to all persons who purchased shares of Block, Inc. (NYSE: XYZ) during the period from January 1, 2023, to August 31, 2024, (the “Class Period”).
Potential Securities Class Action:
The Gross Law Firm announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of shareholders of Block, Inc. (XYZ) who purchased shares during the Class Period. The complaint alleges that the Company and certain of its officers and directors violated the Securities Exchange Act of 1934 by making false and misleading statements and/or failing to disclose material information.
Class Period and Allegations:
According to the complaint, during the Class Period, Block, Inc. issued materially false and misleading statements regarding its business, operations, and prospects. Specifically, the Company stated that it was experiencing strong growth and making significant progress in expanding its business, while in reality, it was facing significant challenges and headwinds that were negatively impacting its financial performance.
Lead Plaintiff Appointment:
If you are a shareholder who purchased shares of Block, Inc. (XYZ) during the Class Period and wish to serve as the lead plaintiff of the proposed class action, you must move the Court no later than February 28, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Contact the Gross Law Firm:
If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact The Gross Law Firm, 20 Madison Avenue, Suite 1350, New York, NY 10010, at 212-509-1444, toll-free at 888-222-0071, or email [email protected]. You may also visit the firm’s website at
Effect on Individual Investors:
If you purchased shares of Block, Inc. (XYZ) during the Class Period, this lawsuit may affect your rights as a shareholder. The lawsuit seeks to recover damages on behalf of all persons or entities who purchased or otherwise acquired securities of Block, Inc. during the Class Period, and may result in a monetary recovery for shareholders.
Effect on the World:
The securities class action against Block, Inc. (XYZ) is a significant development in the world of corporate governance and investor protection. Such lawsuits serve to hold companies and their executives accountable for making false or misleading statements to investors, and to provide a remedy for shareholders who have suffered financial harm as a result.
Conclusion:
The Gross Law Firm’s notice to shareholders of Block, Inc. (XYZ) is an important development for all investors. If you purchased shares of XYZ during the Class Period, you may be able to recover damages as part of a securities class action lawsuit. The lawsuit seeks to hold the Company and its executives accountable for making false or misleading statements, and to provide a remedy for shareholders who have suffered financial harm. If you wish to serve as the lead plaintiff in the proposed class action, you must act quickly.
- Class Period: January 1, 2023, to August 31, 2024
- Company: Block, Inc. (XYZ)
- Law Firm: The Gross Law Firm
- Contact Information: 212-509-1444, toll-free at 888-222-0071, or email [email protected]
- Class Action Allegations: False and misleading statements, failure to disclose material information
For more information about The Gross Law Firm and its representation of shareholders, please visit
