LOS ANGELES–(BUSINESS WIRE)–Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Block, Inc. (“Block” or “the Company”) (NYSE: SQ) for violation of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the United States Securities and Exchange Commission.
Investors who purchased the Company’s securities between November 4, 2021 and April 4, 2022 inclusive (the “Class Period”) are invited to contact the Company before December 12, 2022.
If you are a shareholder who suffered a loss, click here to participate.
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 e-mail 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.
According to the complaint, the company made false and misleading statements to the market. Block failed to maintain adequate protocols protecting employees’ sensitive customer data. Due to this failure, a former employee of the company was able to download reports containing sensitive customer data such as stock trading activity. The Company was likely to suffer damage to its reputation as a result of this data breach. Based on these facts, the Company’s public statements were false and materially misleading throughout the Class Period. When the market learned the truth about Block, investors suffered damage.
Join the case to recoup your losses.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
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