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Join the Class Action Against Block, Inc.

In a significant development for investors, Levi & Korsinsky, LLP has announced a class action lawsuit against Block, Inc. (NYSE: XYZ) aimed at recovering losses due to alleged securities fraud. This lawsuit is directed at individuals who held investments in Block between February 26, 2020 and April 30, 2024, and have suffered financial setbacks.

What Are the Allegations?

The lawsuit brings forth serious accusations against Block, reflecting years of compliance failures related to its financial platforms, Square and Cash App. Investors claim that Block misrepresented its operations and concealed critical compliance deficiencies, ultimately jeopardizing customer security and violating numerous regulatory standards.
The filing indicates that Block failed to adequately vet customer identities and transactions. This lapse purportedly allowed a range of illegal activities to flourish on the platforms, including money laundering, human trafficking, and other illicit ventures. This broad misuse of company services led to severe reputational harm and financial repercussions for Block, which were not disclosed to investors.

Key Details of the Class Action

The class action aims not only to hold Block accountable but also to establish the damages incurred by investors as a result of the company’s alleged misconduct. If you find yourself among those impacted, it’s essential to understand the structure of this lawsuit:

• - Deadline for Participation: Investors have until March 18, 2025 to step forward and request to be appointed as lead plaintiff. This is crucial as it signifies active participation in the case.
• - No Financial Obligation: Participation in this class action comes at no personal cost to class members. Legal fees are generally covered by court orders for successful recoveries, ensuring that investors are free from upfront costs.

How to Get Involved

For those who believe they’ve suffered losses during the specified time frame, engagement in this class action is straightforward. Interested investors can follow a simple process:
1. Submit Your Information: Complete the form available on the Levi & Korsinsky website to express your interest and provide necessary details about your investment in Block.
2. Contact Legal Representatives: Additionally, investors can reach out directly to Joseph E. Levi, Esq., via email or phone for inquiries or additional guidance.

Why Choose Levi & Korsinsky?

With over two decades of experience in securing compensation for aggrieved shareholders, Levi & Korsinsky has built a reputable practice in the realm of securities litigation. Their expert team has garnered billions in recovery for clients and consistently ranks among the top securities litigation firms in the U.S. By joining this class action, Block investors align themselves with a firm dedicated to advocating for their rights, seeking justice, and ensuring accountability.

Contact Details

For further information regarding the class action lawsuit against Block, Inc., please get in touch with Levi & Korsinsky, LLP:

• - Address: 33 Whitehall Street, 17th Floor, New York, NY 10004
• - Phone: (212) 363-7500
• - Email: [email protected]
• - Website: www.zlk.com

As legal proceedings commence, investors are encouraged to stay informed and take appropriate steps to protect their financial interests during this pivotal time. Time is running out to participate, so don't hesitate to act if you may be one of the affected investors.