Block

SQ

ATLANTA, GA – – (ACCESSWIRE – October 13, 2022) – – Holzer & Holzer, LLC informs investors that a class action lawsuit was filed against Block, Inc. (“Block” or the “Company”) (NYSE: SQ).  The lawsuit alleges Block made materially false and misleading statements and/or failed to disclose material adverse facts about the Company’s business, operations, and prospects, including: (1) that Block lacked adequate protocols restricting access to customer sensitive information; (2) that a former employee was able to download certain reports of the Company’s subsidiary, Cash App Investing, containing full customer names, brokerage account numbers, and other sensitive information; (3) that, as a result, the Company was reasonably likely to suffer significant damage, including reputational harm.

 

If you bought shares of Block between November 4, 2021 and April 4, 2022, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at https://holzerlaw.com/case/block/ to learn more.

 

The deadline to ask the court to be appointed lead plaintiff in the case is December 12, 2022.

Registration Deadline

Lead Plaintiff Deadline Has Passed

December 12, 2022

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