Important Notice for Shareholders of Block, Inc. (SQ)
New York, NY – The Gross Law Firm, a leading national shareholder rights law firm, announces that a class action lawsuit has been filed against Block, Inc. (SQ) in the United States District Court for the Northern District of California on behalf of shareholders who purchased or acquired the securities of Block, Inc. (SQ) between April 14, 2021 and January 24, 2025, inclusive (the “Class Period”).
Details of the Class Action Lawsuit
The complaint alleges that the defendants, during the Class Period, made false and misleading statements and failed to disclose material information about the Company’s business, operations, and prospects. Specifically, the defendants are accused of misrepresenting the Company’s financial performance and its ability to maintain its revenue growth.
Impact on Shareholders
If you are a shareholder who purchased or acquired the securities of Block, Inc. (SQ) during the Class Period, you may be entitled to compensation. The lead plaintiff must move the Court no later than March 29, 2025 to request appointment as the lead plaintiff in this action. The lead plaintiff will act on behalf of all other class members in directing the litigation and deciding important issues like whether to accept a settlement, and how much compensation to seek for the class.
What This Means for Individual Investors
- If you purchased or acquired shares of SQ during the Class Period, you may be able to recover your losses through the class action lawsuit.
- You may also be able to share in any recovery the class makes. The amount of damages you may be entitled to recover depends on the size of your investment and the percentage of the recovery.
- To be eligible for any recovery, you must have purchased or acquired shares of SQ during the Class Period.
- To learn more about your rights and potential remedies, contact The Gross Law Firm as soon as possible.
Impact on the World
The class action lawsuit against Block, Inc. (SQ) could have significant implications for the technology and financial industries. The allegations made in the lawsuit could potentially lead to increased scrutiny of other tech companies with similar business models. Additionally, the outcome of the lawsuit could impact investor confidence and the stock market as a whole.
Conclusion
If you purchased or acquired shares of Block, Inc. (SQ) during the Class Period, it is important that you take action. The Gross Law Firm is committed to helping investors recover their losses and ensure that corporations are held accountable for their actions. Contact The Gross Law Firm as soon as possible to discuss your legal options and protect your investment.
The Gross Law Firm represents investors worldwide, and accepts cases on a contingency fee basis. For more information, please call toll-free at 888-223-7116 or email [email protected].
This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethical rules. The material contained in this press release is provided for informational purposes only, and it is not intended to constitute legal advice or a solicitation to buy or sell any security or to engage in any other transaction.
The Gross Law Firm, 250 Park Avenue, Suite 1702, New York, NY 10177, (212) 581-1234.
