Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Block, Inc. (SQ)
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
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US:NYSE Investor Relations:
squareup.com/about/investors
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Source: GlobeNewswire
NEW YORK, Jan. 20, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities who purchased or otherwise acquired Block, Inc. (“Block” or the “Company”) (NYSE: SQ) securities between February 26, 2020 and April 30, 2024, inclusive (the “Class Period”). The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (i) Block had engaged in widespread and years-long compliance lapses at Square and Cash App, including by failing to conduct basic due diligence regarding its customers' identities or the nature of customer transactions so as to prevent the platforms from being used for illegal or illicit activities; (ii) Block had effectively created a haven for widespread illegal and illicit activities on its Square and Cash App platforms by imposing minimal obligations on c
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