NEW
YORK, March 8, 2023 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of Block,
Inc..
Shareholders who purchased shares of SQ during the class period
listed are encouraged to contact the firm regarding possible lead
plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/block-class-action-loss-submission-form/?id=37081&from=4
CLASS PERIOD: This lawsuit is on behalf of persons and
entities who purchased or otherwise acquired Block securities
during the period November 4, 2021
and April 4, 2022, including all
former shareholders of Afterpay securities who acquired
unregistered Block, Inc. Class A common stock (and/or corresponding
SQ CHESS Depository Interests) in direct exchange for Afterpay
shares pursuant to Block's January 31,
2022 acquisition and stock-for-stock merger with
Afterpay.
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (1) defendants did not
satisfy the mandatory conditions necessary to exempt them from
registration under §3(a)(10) and permit the issuance and sale of
unregistered Block Shares; (2) in violation of §§5(a) and (c) of
the Securities Act, no registration statement has been filed with
the U.S. Securities and Exchange Commission or been in effect with
respect to these Block Shares issued, solicited, and sold by means
of Block's January 31, 2022 acquisition and stock-for-stock merger
with Afterpay (the "Merger" or "Acquisition"); (3) in order to push
the Acquisition through, defendants failed to comply with
§3(a)(10)'s mandatory preconditions in several respects; and (4)
defendants' grossly negligent failures deprived the Supreme Court
of New South Wales ("NSW Court") of critical information necessary
for any genuine appraisal of the Merger's supposed "fairness," and
furthermore deprived plaintiff and other Afterpay shareholders of
their statutory right to appear and present to the NSW Court the
host of serious concerns and material (yet undisclosed) information
ahead of the Merger.
DEADLINE: April 3, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/block-class-action-loss-submission-form/?id=37081&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of SQ during the timeframe listed
above, you will be enrolled in a portfolio monitoring software to
provide you with status updates throughout the lifecycle of the
case. The deadline to seek to be a lead plaintiff is April 3, 2023. There is no cost or obligation to
you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm