NEW YORK, October 26, 2022 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Block, Inc. (“Block” or the “Company”) Q. Such investors are advised to get in touch Robert S Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.
The investigation concerns whether Block and certain of its officers and/or directors engaged in securities fraud or other illegal business practices.
[Click here for information about joining the class action]
On April 4, 2022Block disclosed that a former employee improperly downloaded certain reports from the company’s subsidiary, Cash App Investing December 10, 2021. Information in the reports included full client names and broker account numbers, as well as broker portfolio value, broker portfolio holdings, and/or stock trading activity. Up to 8.2 million Cash App Investing customers were affected.
Block’s share price fell as a result of this news $9.27 per share, or 6.4% at close $135.92 per share April 5, 2022.
Pomerantz LLP, with offices in new York, Chicago, los Angeles, Parisand Tel Aviv, is recognized as one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, known as Dean of the Class Chamber, Pomerantz pioneered securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of victims of securities fraud, fiduciary breaches and corporate wrongdoing. The firm has recovered numerous multi-million dollar claims on behalf of group members. See www.pomlaw.com
CONTACT:
Robert S Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP
