Important Information for Investors: Rosen Law Firm Reminds Purchasers of Block, Inc. Stock During the Class Period of Their Rights and Deadline to Join a Securities Class Action Lawsuit
New York, N.Y., February 26, 2025. The Rosen Law Firm, a global investor rights law firm, is reminding purchasers of Class A common stock of Block, Inc. (NYSE: SQ, XYZ) between February 26, 2020, and April 30, 2024, both dates inclusive (the “Class Period”), of the important March 18, 2025 lead plaintiff deadline. The lawsuit alleges that Block, Inc. and certain of its officers and directors made false and/or misleading statements and/or failed to disclose material information during the Class Period.
Background on Block, Inc. (SQ, XYZ)
Block, Inc., formerly known as Square, Inc., is a financial services and digital payments company. The company provides various products and services, including point-of-sale software, payment processing, and mobile payment services. Block, Inc.’s stock has traded on the New York Stock Exchange under the symbols SQ and XYZ.
Allegations in the Lawsuit
The lawsuit alleges that the defendants made false and/or misleading statements and/or failed to disclose material information during the Class Period. Specifically, the complaint alleges that the defendants failed to disclose that:
- Block, Inc. was experiencing increased competition in the point-of-sale software market;
- The company’s revenue growth was slowing down;
- Block, Inc. was facing regulatory scrutiny;
- The company’s expenses were increasing;
- The company’s Cash App business was experiencing increased regulatory scrutiny and facing potential regulatory action.
As a result of these alleged false and/or misleading statements and/or omissions, the price of Block, Inc.’s stock was artificially inflated during the Class Period.
Effect on Individual Investors
If you purchased Class A common stock of Block, Inc. during the Class Period, you may be able to recover your losses, including damages. The lead plaintiff deadline to apply for appointment is March 18, 2025. If you wish to join the lawsuit, please contact The Rosen Law Firm as soon as possible. You may also contact the firm if you have any questions about the lawsuit or your rights or interests.
Effect on the World
The allegations in the lawsuit against Block, Inc. highlight the increasing competition and regulatory scrutiny in the financial services and digital payments industry. As more companies enter the market and regulations evolve, it is important for investors to stay informed about the companies they invest in and the risks they face. This lawsuit serves as a reminder of the importance of transparency and accurate disclosures by publicly traded companies.
Conclusion
If you purchased Class A common stock of Block, Inc. during the Class Period and believe that you have suffered losses as a result of the alleged false and/or misleading statements and/or omissions, you may be able to recover your losses. The lead plaintiff deadline to apply for appointment is March 18, 2025. It is important for investors to stay informed about the companies they invest in and to seek legal advice if they believe they have been harmed. For more information, please contact The Rosen Law Firm.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and other complex litigation. The firm was Ranked No. 1 in the number of securities class action settlements in 2019 and 2020 according to ISS Securities Class Action Services. The firm has recovered hundreds of millions of dollars for its clients.
