NEW
YORK, Dec. 9, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Block, Inc. (NYSE: SQ).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/block-inc-loss-submission-form/?id=34392&from=4
The lawsuit seeks to recover losses for shareholders who
purchased Block between November 4,
2021 and April 4, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
December 12, 2022 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Block, Inc. issued materially
false and/or misleading statements and/or failed to disclose that:
(1) the Company lacked adequate protocols restricting access to
customer sensitive information; (2) as a result, a former employee
was able to download certain reports of the Company's subsidiary,
Cash App Investing, containing full customer names and brokerage
account numbers, as well as brokerage portfolio value, brokerage
portfolio holdings and/or stock trading activity; (3) as a result,
the Company was reasonably likely to suffer significant damage,
including reputational harm; (4) and as a result of the foregoing,
defendant's positive statements about the Company's business,
operations, and prospects were materially misleading and/or lacked
a reasonable basis.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law