LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Block, Inc. (“Block” or “the Company”) (NYSE : SQ) for violating securities laws.
The investigation aims to determine whether the Company has made false and/or misleading statements and/or has failed to disclose relevant information to investors. Block admitted in a filing with the SEC on April 4, 2022 that it suffered a severe data breach affecting more than 8 million current and former customers (the “Data Breach”). The company disclosed that on December 10, 2021, a former employee uploaded sensitive information from its subsidiary, Cash App Investing LLC. Customer data included in the data breach included full names, account numbers, wallet values and business activity.
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We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.com or by email at [email protected]
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
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