Block Inc Class Action Lawsuit SQ | Deadline December 12, 2022
Block Inc Class Action Lawsuit (SQ Lawsuit)
Levi & Korsinsky, LLP announces that an SQ class action lawsuit (Block Inc Class Action Lawsuit) has been filed on behalf of investors who purchased Block, Inc.(SQ) securities between November 4, 2021, and April 4, 2022. For more on the SQ Lawsuit please contact us today.
According to the block lawsuit, throughout the Class Period defendants made 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.
If you suffered a loss in the block you have until December 12, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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