Important Information for Investors: Rosen Law Firm Reminds Purchasers of Block, Inc. Class A Common Stock of Upcoming Deadline
NEW YORK, March 16, 2025
Rosen Law Firm, a 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 important deadline. A lead plaintiff, who may be an individual or institutional investor, has until March 18, 2025, to file a class action lawsuit against Block, Inc. in connection with alleged securities laws violations during the Class Period.
Background on Block, Inc. (SQ, XYZ)
Block, Inc., previously known as Square, Inc., is a digital payments company providing various financial services, including point-of-sale solutions, e-commerce and retail solutions, and digital financial services. The Company’s flagship product, Square Point of Sale, enables sellers to accept a range of payment types, including credit and debit cards, mobile payments, and cash.
Alleged Securities Laws Violations
The complaint alleges that the defendants made false and/or misleading statements and/or failed to disclose that: (1) Block, Inc. was experiencing significant operational challenges with its Starbucks partnership, which was a significant contributor to the Company’s revenue growth; (2) Block, Inc.’s Cash App business faced increased regulatory scrutiny and competition; and (3) the Company’s revenue growth was not sustainable due to a decrease in active seller accounts and transaction volumes.
Impact on Investors
If you purchased Class A common stock of Block, Inc. during the Class Period and suffered a loss as a result, you may be eligible to join the class action lawsuit. The lead plaintiff will act on behalf of all other class members in the case. The lead plaintiff may select a law firm to represent the class. If you wish to serve as lead plaintiff, you must move the Court no later than March 18, 2025. If you wish to join the litigation, you can submit your Proof of Claim on or before the Deadline.
Global Implications
The potential securities laws violation case against Block, Inc. could have far-reaching implications for investors worldwide. The allegations, if proven true, could negatively impact the Company’s reputation and financial performance, potentially leading to decreased investor confidence and a decline in stock price.
- Investors in other digital payments companies may be wary of similar risks and potentially reassess their investments.
- Regulators and lawmakers could increase scrutiny on the digital payments industry, leading to new regulations and compliance challenges.
- The case could set a precedent for future securities class action lawsuits against technology companies.
It is essential for investors to stay informed about the latest developments in the digital payments sector and the securities laws landscape. Rosen Law Firm is dedicated to helping investors recover their losses and ensuring that companies uphold their obligations under securities laws.
Conclusion
Rosen Law Firm urges purchasers of Block, Inc. Class A common stock during the Class Period to contact the firm before March 18, 2025, to discuss their legal options. If you wish to serve as lead plaintiff, you must act promptly. For more information, please visit [email protected] or call 212-686-1060.
About Rosen Law Firm: Rosen Law Firm represents investors in securities litigation and other complex litigation, with a focus on corporate governance and entity rights. The firm has recovered over $1 billion for its clients since 2014.
