NEW YORK, Jan. 28, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Block, Inc. ("Block" or the "Company") (NYSE: SQ) of a class action securities lawsuit.
CLASS DEFINITION:
The lawsuit seeks to recover losses on behalf of Block investors who were adversely affected by alleged securities fraud between February 26, 2020 and April 30, 2024. Follow the link below to get more information and be contacted by a member of our team:
https://zlk.com/pslra-1/block-inc-lawsuit-submission-form-2?prid=125312&wire=4
CONTACT INFORMATION:
SQ investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS:
The filed complaint alleges that defendants made false statements and/or concealed that:
- Block had engaged in widespread and years-long compliance lapses at Square and Cash App...
- Block had effectively created a haven for widespread illegal and illicit activities...
- Thousands of transactions on Square and Cash App were made in connection with various illegal activities...
- Block allowed its customers to withdraw funds even after the accounts had been flagged...
- Block customers could open multiple accounts using fake identities...
- Block's senior leadership and the Board had failed to correct identified compliance deficiencies...
- Block's Cash App user metrics had been artificially inflated...
- As a result of (a)-(g) above, Block was subject to a material, undisclosed risk...
WHAT'S NEXT?
If you suffered a loss in Block during the relevant time frame, you have until March 18, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU:
If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY:
Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders...
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP
