SAN DIEGO, Oct. 22, 2022 (GLOBE NEWSWIRE) — The law firm of Robbins Geller Rudman & Dowd LLP announces that buyers or acquirers of Block, Inc. Q Securities between November 4, 2021 and April 4, 2022, both dates inclusive (the “Collection Period”) have until December 12, 2022 to request appointment of Lead Plaintiff. That block Class Action – Titled Esposito vs. Block, Inc.#22-cv-08636 (SDNY) – Accuses Block and some of his top executives of violating the Securities Exchange Act of 1934.
If you have suffered significant losses and are the main plaintiff in the block Class action, please provide your information here:
https://www.rgrdlaw.com/cases-block-inc-class-action-lawsuit-sq.html
You can also contact a lawyer JC Sanchez von Robbins Geller by phone at 800/449-4900 or email jsanchez@rgrdlaw.com.
CASE CLAIMS: Block, formerly known as Square Inc., is a technology company that develops financial services tools. Block’s segments include Square, which offers financial tools for sellers, and Cash App, which offers financial tools for individuals.
That block The class action alleges that throughout the class period, the defendants failed to disclose the following: (i) Block failed to have adequate protocols to restrict access to confidential customer information; (ii) As a result, a former employee was able to download certain reports from Block’s subsidiary, Cash App Investing, which contained full client names and broker account numbers and broker portfolio value, broker portfolio holdings and/or stock trading activity; and (iii) as a result, Block would be likely to suffer significant harm, including reputational damage.
On April 4, 2022, Block announced that on December 10, 2021, a former employee failed to properly download certain reports from Block’s subsidiary, Cash App Investing. Information in the reports included full client names and broker account numbers, as well as broker portfolio value,…
