Important Information for Investors: Rosen Law Firm Reminds Buyers of Block, Inc. Stock During Specific Period of Potential Securities Class Action
New York, NY – March 11, 2025 – Rosen Law Firm, a leading global investor rights law firm, alerts purchasers of Class A common stock of Block, Inc. (NYSE: SQ, XYZ) between February 26, 2020, and April 30, 2024 (the “Class Period”), to take note of the upcoming March 18, 2025 lead plaintiff deadline. The lawsuit alleges that Block, Inc. and certain of its executives and directors made false and/or misleading statements and/or failed to disclose material information during the Class Period.
Background on Block, Inc.
Block, Inc. (formerly known as Square, Inc.) is a digital payments company that provides various financial services, such as mobile payment solutions, point-of-sale software, and hardware, and cash app, a peer-to-peer payment service. The company’s mission is to redefine commerce by enabling broad access to technology that empowers and economically enables small businesses and individuals.
The Allegations
The lawsuit alleges that Block, Inc. and certain of its executives and directors 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 the company was experiencing significant operational issues, including increased competition and regulatory scrutiny, which would negatively impact the company’s financial performance. As a result, the company’s stock traded at artificially inflated prices during the Class Period.
Effects on Investors
If you purchased Class A common stock of Block, Inc. during the Class Period, you may be entitled to compensation without having to file an individual lawsuit. The lead plaintiff deadline is fast approaching, so it is important that you take action now. If you wish to serve as lead plaintiff, you must meet certain legal requirements and must file an application with the court before the lead plaintiff deadline. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff.
Effects on the World
The implications of this securities class action extend beyond just the investors involved. The lawsuit highlights the importance of transparency and accuracy in corporate disclosures. Companies have a responsibility to keep investors informed of any material information that could impact the value of their shares. Failure to do so can result in significant financial consequences, as well as damage to the company’s reputation.
Conclusion
If you purchased Class A common stock of Block, Inc. during the Class Period, you may be entitled to compensation. Don’t miss out on your opportunity to be part of the lead plaintiff group. Contact Rosen Law Firm today for more information about the class action and the lead plaintiff deadline.
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- Phone: +1-866-767-3653
- Website: www.rosenlegal.com
Rosen Law Firm represents investors worldwide, focusing its practice on securities class actions and shareholder derivative litigation. The firm combines the expertise and resources of a leading securities firm with the flexibility and attention devoted to each case.
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