Important Information for Block, Inc. (SQ, XYZ) Investors: Upcoming Deadline to Join Securities Fraud Class Action Lawsuit
The Law Offices of Frank R. Cruz reminds investors of the upcoming significant deadline in the securities fraud class action lawsuit against Block, Inc. (Block or the Company), which was filed on behalf of investors who purchased Block’s Class A common stock between February 26, 2020, and April 30, 2024, inclusive (the “Class Period”).
Details of the Lawsuit
Block, Inc., the digital payments company behind Square and Cash App, is being accused of making materially false and misleading statements regarding its business, operations, and prospects. The complaint alleges that the Company failed to disclose that its revenue growth was decelerating and that its gross profit margin was under pressure due to increased competition and higher operating costs. As a result, investors suffered significant losses.
Deadline to Join the Class Action
If you are an investor who lost money on Block, Inc. during the Class Period, you have until March 18, 2025, to request class certification and be appointed as a lead plaintiff in the lawsuit. The lead plaintiff is a court-appointed representative of the larger class of injured investors. The lead plaintiff plays a significant role in directing the litigation and negotiating a potential settlement.
Impact on Individual Investors
Investors who purchased Block, Inc.’s Class A common stock during the Class Period and suffered losses as a result of the Company’s alleged misrepresentations may be eligible to recover their losses through the class action lawsuit. Joining the class action as a lead plaintiff can provide you with the opportunity to help shape the direction of the litigation and potentially maximize your recovery.
Impact on the Wider Community
Securities fraud class action lawsuits serve an important role in the financial markets by holding companies accountable for making false or misleading statements. By pursuing this litigation, investors can seek to recover their losses and restore market fairness. Moreover, such lawsuits can lead to increased transparency and improved corporate governance.
Conclusion
If you purchased Block, Inc.’s Class A common stock during the Class Period and believe that you have suffered losses due to the Company’s alleged misrepresentations, we encourage you to contact The Law Offices of Frank R. Cruz to discuss your legal options. The deadline to request class certification and be appointed as a lead plaintiff is March 18, 2025. Together, we can help ensure that investors are fairly compensated and that the securities markets remain honest and transparent.
- Block, Inc. (SQ, XYZ) is facing a securities fraud class action lawsuit.
- The lawsuit alleges that Block made materially false and misleading statements during the Class Period.
- The Class Period is from February 26, 2020, to April 30, 2024.
- The deadline to join the class action as a lead plaintiff is March 18, 2025.
- Individual investors who purchased Block’s Class A common stock during the Class Period and suffered losses may be eligible to recover their losses through the class action lawsuit.
- Securities fraud class action lawsuits help hold companies accountable and restore market fairness.
