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Investigation for investors who lost money with shares of Block, Inc. (NYSE: SQ) over possible Wrongdoing announced

04-14-2023 05:27 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Block, Inc. (NYSE: SQ) shares.

An investigation on behalf of current long term investors in Block, Inc. (NYSE: SQ) shares.

An investigation on behalf of current long-term investors in shares of Block, Inc. (NYSE: SQ) concerning potential breaches of fiduciary duties by certain directors and officers of Block, Inc. was announced.

Investors who are current long term investors in Block, Inc. (NYSE: SQ) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm for current long term investors in NYSE: SQ stocks follows a lawsuit filed against Block, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NYSE: SQ stocks, concerns whether certain Block, Inc. directors are liable in connection with the allegations made in that lawsuit.

According to the complaint the plaintiff alleges on behalf of purchasers of Block, Inc. (NYSE: SQ) common shares between November 4, 2021 and April 4, 2022 and that former shareholders of Afterpay securities who acquired unregistered Block, Inc. Class A common stock (and/or corresponding SQ CHESS Depository Interests ("CDI")) ("Block Shares" or "Square Securities") in direct exchange for Afterpay shares pursuant to Block's January 31, 2022 acquisition and stock-for-stock merger with Afterpay, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that, among other things, that defendants made certain material misrepresentations and omissions concerning the Merger. Additionally, the complaint alleges that between November 4, 2021 and April 4, 2022, the defendants deceived the investing public, including Plaintiff and other Class members, as alleged herein, that between November 4, 2021 and April 4, 2022, the defendants: artificially inflated and maintained the market price of Block securities; and that between November 4, 2021 and April 4, 2022, the defendants caused Plaintiff and other investors who purchased Block, Inc. (NYSE: SQ) between November 4, 2021 and April 4, 2022 to purchase or otherwise acquire Block securities at artificially inflated prices.

Those who purchased shares of Block, Inc. (NYSE: SQ) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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