Categories: BusinessWire

ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Block, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SQ

Published by
Business Wire News


NEW YORK–(BUSINESS WIRE)–WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Block, Inc. (NYSE: SQ) between November 4, 2021 and April 4, 2022, both dates inclusive (the “Class Period”), of the important December 12, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Block securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Block class action, go to https://rosenlegal.com/submit-form/?case_id=9176 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 12, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Block lacked adequate protocols restricting access to customer sensitive information; (2) as a result, a former employee was able to download certain reports of Block’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, Block was reasonably likely to suffer significant damage, including reputational harm; and (4) as a result of the foregoing, defendant’s positive statements about Block’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Block class action, go to https://rosenlegal.com/submit-form/?case_id=9176 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contacts

Contact Information:

Laurence Rosen, Esq.

Phillip Kim, Esq.

The Rosen Law Firm, P.A.

275 Madison Avenue, 40th Floor

New York, NY 10016

Tel: (212) 686-1060

Toll Free: (866) 767-3653

Fax: (212) 202-3827

lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

Business Wire News

Recent Posts

Reebok Debuts New Human Rights Now! Collection with Lexie Brown to Bring Awareness to Equity and Access in Sport

In Conjunction with Collection Launch, Reebok to Donate $600,000 to RISE, a national nonprofit that… Read More

2 mins ago

IOC EB receives updates on activities of NOCs

06 Dec 2022 - During its meeting today, the Executive Board (EB) of the International… Read More

20 mins ago

Plastic Dielectric Films Market Size is expected to reach

BEIJING, Dec. 06, 2022 (GLOBE NEWSWIRE) -- The Global Plastic Dielectric Films Market Size accounted… Read More

21 mins ago

X4 Pharmaceuticals Announces Proposed Public Offering

BOSTON, Dec. 06, 2022 (GLOBE NEWSWIRE) -- X4 Pharmaceuticals, Inc. (Nasdaq: XFOR), a leader in… Read More

23 mins ago

Shareholder Alert: Robbins LLP Informs Investors of Class Action Against Spectrum Pharmaceuticals, Inc. (SPPI)

SAN DIEGO--(BUSINESS WIRE)--$SPPI #FDA--The Class: Robbins LLP informs investors that a shareholder filed a class… Read More

24 mins ago

Energy Storage Systems Market Size Will Attain USD 394.3

TOKYO, Dec. 06, 2022 (GLOBE NEWSWIRE) -- The Global Energy Storage Systems Market Size accounted… Read More

1 hour ago