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Important Notice for Block, Inc. Shareholders

The Gross Law Firm is reaching out to shareholders of Block, Inc. (NYSE: XYZ) with significant news regarding potential legal action against the company. Shareholders who acquired shares during the class action period are advised to act promptly as the deadline to register as a lead plaintiff is set for March 18, 2025.

Class Action Overview

This class action lawsuit centers around allegations made against Block, Inc., which underline serious compliance deficiencies. According to the claims, the company not only issued misleading information but also failed to acknowledge vital internal issues that could have serious ramifications for shareholders. The relevant class action period spans from February 26, 2020, to April 30, 2024.

Allegations Against Block, Inc.

The legal complaint outlines several troubling practices that have surfaced during the class period, specifically:

1. Compliance Issues: Block allegedly overlooked critical due diligence concerning customers on its Square and Cash App platforms, raising flags regarding the facilitation of illegal activities.
2. Platform Misuse: By maintaining a lax account-opening process, Block allowed platforms to become a haven for various unlawful activities, including money laundering and drug trafficking.
3. Inadequate Monitoring: The platforms reportedly permitted users to withdraw funds even when accounts had been flagged for suspicious activities.
4. False Metrics: There are allegations that user engagement metrics were artificially inflated due to the existence of fake accounts created by individuals seeking to exploit the platforms.

These issues have not only placed Block, Inc. at risk of reputational harm but also could lead to adverse regulatory actions and significant financial implications due to the potential uncovering of these practices.

Next Steps for Shareholders

Shareholders who believe they may have been affected are strongly encouraged to register their information as it paves the way for potential recovery from any losses incurred due to Block's alleged misconduct. Besides being eligible to join the class action as a lead plaintiff, registration also includes access to portfolio monitoring software that keeps you updated on the case's progression.

For those who wish to register, there are no associated costs or obligations. It can be done conveniently by clicking on the following link: Register Here.

Why Choose The Gross Law Firm?

The Gross Law Firm stands out as a well-respected class action law firm with an unwavering commitment to protecting investors' rights. The firm strives to ensure that corporations adhere to ethical practices and are held accountable for malpractice, preserving the integrity of the market. Their mission is to recover losses encountered by investors due to misleading information or fraudulent activities.

For further inquiries or to learn more about the process, investors can contact The Gross Law Firm at:

• - Address: 15 West 38th Street, 12th floor, New York, NY, 10018
• - Email: [email protected]
• - Phone: (646) 453-8903

Remember, the deadline for seeking a lead plaintiff role is rapidly approaching. Ensure your voice is heard and your interests protected.