Shareholders Urged to Participate in Block, Inc. Class Action Lawsuit

Important Notice for Block, Inc. Shareholders

The Gross Law Firm has issued a critical notice encouraging shareholders of Block, Inc. (NYSE: XYZ) to participate in a class action lawsuit due to substantial financial losses incurred. If you purchased shares of Block, Inc. between February 26, 2020, and April 30, 2024, you may be eligible for compensation and are urged to reach out to the firm as soon as possible.

Background of the Case

The allegations against Block, Inc. center around claims that the company made materially false statements and withheld significant information from its shareholders regarding compliance issues with its platforms, Square and Cash App. The lawsuit claims that these platforms became breeding grounds for illegal activities, including money laundering, sex trafficking, and drug trafficking, placing shareholders' investments at serious risk.

Notably, the complaint suggests that Block failed to conduct appropriate due diligence on its customers and allowed users to open multiple accounts using fake identities. Consequently, thousands of transactions were tied to illegal actions. These compliance failures are said to have allowed the company to artificially inflate its user metrics, further misleading investors about its true operational health.

Shareholder Registration

To be included in the class-action settlement, shareholders must register their information by March 18, 2025. Upon registration, you will gain access to portfolio monitoring software that will provide updates throughout the lawsuit. There's no cost or obligation involved in participating, and you do not need to be a lead plaintiff to seek recovery for your losses.

The Gross Law Firm is a nationally recognized class action law firm with a commitment to protecting investors’ rights against deceptive and illegal business practices. Their objective is to hold firms accountable for misleading their shareholders and ensure responsible corporate behavior.

Next Steps

- Register: Shareholders should not hesitate; register online here.
- Contact Information: For further inquiries, you can contact The Gross Law Firm at 15 West 38th Street, 12th floor, New York, NY, 10018, or call (646) 453-8903.

Conclusion

If you have been affected by your investment in Block, Inc., now is the time to take action. Make sure you don’t miss out on this opportunity to seek justice for your financial losses. Join fellow shareholders in this class action lawsuit and let your voice be heard. The deadline is fast approaching—register today!