Block Inc Class Action Lawsuit SQ | Deadline December 12, 2022
Announcement! Block Inc Class Action Lawsuit has been filed on behalf of all investors who purchased Block Incorporated (SQ) securities between November 4, 2021, and April 4, 2022.
According to the Block Inc lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
(1) the Company lacked sufficient processes for limiting access to client-sensitive data;
(2) Consequently, a former worker had access to reports from the Company’s subsidiary, Cash App Investing, that included full client names, brokerage account numbers, brokerage portfolio value, brokerage portfolio holdings, and/or stock trading activities;
(3) the Company was consequently reasonably anticipated to sustain a considerable injury, including harm to its reputation;
(4) and as a result of the aforementioned, the defendant’s optimistic claims regarding the Company’s business, operations, and prospects were materially false and/or lacked a foundation that was based on fact.
If you suffered a loss in SQ 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.
Block Inc Class Action Lawsuit (SQ Lawsuit)
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