NEW YORK, March 10, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Block, Inc. (NYSE: XYZ).Shareholders who purchased shares of XYZ during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/block-inc-loss-submission-form/?id=134585&from=4 CLASS PERIOD: February 26, 2020 to April 30, 20 ...

Group 1 - The stock of Block (XYZ) has experienced significant opportunity costs since 2021 due to large drawdowns [1] - Since May 2022, the stock price has been in a consolidation zone, establishing multiple levels of support and resistance [1] - The analysis emphasizes the importance of selecting stocks that exhibit both growth potential and strong financial fundamentals [1] Group 2 - The article does not provide any specific investment recommendations or advice regarding the suitability of investments for particular investors [2][3] - There is no indication of any current stock or derivative positions held by the analyst in the companies mentioned [2]

Group 1 - Block (NYSE: XYZ) experienced a 28% decline following a disappointing Q4 FY2024 earnings report, where both revenue and non-GAAP EPS fell short of estimates [1] - The company provided a weaker-than-expected outlook for Q1 FY2025, indicating potential challenges ahead [1] - Despite the overall downturn, revenue from the Square Ecosystem showed resilience, supported by continued growth acceleration [1]

Core Insights - Petrobras has launched a new drilling campaign in Brazil's largest pre-salt region to evaluate significant oil reserves [1] - The drilling operations at well 3-BRSA-1398-RJS in the Alto de Cabo Frio Central block represent a strategic move to enhance Petrobras' presence in the Campos Basin [2] Group 1: Drilling Operations - The well is located at a water depth of 2,276 meters and is being drilled using the West Polaris drillship [2] - This operation is part of Petrobras' ongoing efforts to expand its activities in Brazil's pre-salt region [2] Group 2: Alto de Cabo Frio Central Block - Petrobras acquired the Alto de Cabo Frio Central block in October 2017, holding a 50% stake in partnership with BP p.l.c. [3] - The block is estimated to contain around 558 million barrels of recoverable resources, with production expected to commence in 2032 [3] Group 3: Evaluation of Potential - In July 2022, Petrobras completed a drillstem test at a pioneer well in the region, confirming the presence of a productive pre-salt carbonate reservoir [4] - The analysis of oil samples collected during the test further supports the commercial viability of the block [4] Group 4: Industry Context - As Petrobras advances its drilling activities, the new well in Alto de Cabo Frio Central is seen as a crucial step in unlocking Brazil's pre-salt reserves [5]

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Block, Inc. regarding a class action lawsuit alleging that the company engaged in widespread compliance lapses and failed to disclose material information that led to illegal activities on its platforms [1][2]. Allegations Summary - The lawsuit claims that Block engaged in years-long compliance failures at Square and Cash App, failing to conduct due diligence on customer identities and transactions, allowing illegal activities to flourish [1]. - Allegations include that Block created a haven for illegal activities by imposing minimal obligations on customers, encouraging bitcoin use, and pressuring banking partners to bypass due diligence [1]. - Specific illegal activities linked to Block's platforms include money laundering, child sexual abuse, sex trafficking, drug trafficking, terrorism financing, and contract killings [1]. - The company allegedly allowed customers to withdraw funds from flagged accounts and open multiple accounts using fake identities for illicit purposes [1]. - Block's leadership reportedly failed to address compliance deficiencies despite numerous warnings and complaints, leading to inflated user metrics through fake accounts [1]. - As a result of these actions, Block faces undisclosed risks of reputational harm, regulatory actions, and negative impacts on its operations and financial results [1]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by March 18, 2025, to monitor the case's progress and potentially seek lead plaintiff status [2]. - Registration is free and does not obligate shareholders to participate in the case [2]. Firm's Commitment - The Gross Law Firm aims to protect investors' rights and ensure companies adhere to responsible business practices, seeking recovery for losses incurred due to misleading statements or omissions [3].

Core Viewpoint - VAALCO Energy has entered an agreement to acquire a 70% stake in the CI-705 block off the coast of Côte d'Ivoire, assuming operatorship alongside its partners [1][4] Group 1: Acquisition Details - VAALCO will hold a 100% paying interest in the CI-705 block through a commercial carry agreement, covering exploration and production costs [2][4] - The block is located near Eni's Calao discovery, the second largest hydrocarbon discovery in Côte d'Ivoire [2] Group 2: Block Characteristics - CI-705 spans approximately 2,300 sq. km in the Tano Basin, with water depths ranging from zero to 2,500 meters [3] - The block has been less explored, with only three wells drilled to date, indicating potential for significant oil and gas discoveries [5] Group 3: Exploration Plans - VAALCO has invested approximately $3 million to acquire its stake and plans to conduct detailed geological analysis to assess the block's potential [5][6] - The company aims to leverage existing regional infrastructure for future developments and has confirmed oil and gas prospects in the block [6] Group 4: Future Growth - VAALCO has several major exploration projects planned for 2025 and 2026, expected to enhance organic growth within its diversified asset portfolio [7]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Block, Inc. due to allegations of widespread compliance failures and illegal activities associated with its platforms, Square and Cash App, which have led to significant stock price declines and regulatory scrutiny [2][4][5][6][7][9]. Group 1: Allegations Against Block, Inc. - The complaint alleges that Block engaged in years-long compliance lapses, failing to conduct due diligence on customer identities and transactions, allowing illegal activities to proliferate on its platforms [4]. - Block reportedly created an environment conducive to illegal activities by imposing minimal obligations on customers and encouraging the use of bitcoin, while pressuring banking partners to bypass standard due diligence [4]. - Allegations include that thousands of transactions on Square and Cash App were linked to illegal activities such as money laundering, sex trafficking, and terrorism financing [4]. - Block's leadership allegedly ignored numerous red flags and internal reports regarding compliance deficiencies, leading to inflated user metrics through fake accounts [4]. Group 2: Stock Price Impact - Following the publication of a damaging report by Hindenburg Research on March 23, 2023, Block's Class A common stock price fell nearly 15% [5]. - On August 3, 2023, after Block disclosed investigations by the SEC and DOJ, the stock price dropped nearly 14% [6]. - A report on February 16, 2024, regarding inadequate due diligence by Cash App led to a more than 5% decline in stock price [7]. - On May 1, 2024, news of federal prosecutors investigating Block for compliance lapses resulted in an over 8% drop in stock price [9]. Group 3: Legal Proceedings and Investor Actions - Investors who suffered losses in Block are encouraged to contact Faruqi & Faruqi to discuss their legal rights and options for participating in a federal securities class action [1][2]. - The deadline for seeking the role of lead plaintiff in the class action is March 18, 2025 [2]. - The firm has a history of recovering hundreds of millions of dollars for investors since its founding in 1995 [3].

Group 1 - The article emphasizes that the author's views are subject to change and do not constitute investment advice [2][3] - It highlights that past performance is not indicative of future results, stressing the inherent risks in investment [3] - The information provided is for educational purposes only and should not be construed as an offer to buy or sell securities [2][3] Group 2 - The author has no financial interest in the companies mentioned, ensuring an unbiased perspective [1] - The article relies on third-party sources for economic trends and performance data, although the accuracy of this information is not guaranteed [2] - The author does not have any business relationships with the companies discussed, further supporting the independence of the analysis [1]

Core Viewpoint - Advance Auto Parts has experienced a significant decline in stock value due to disappointing fourth-quarter earnings and 2025 guidance, indicating ongoing operational challenges that need to be addressed for recovery [1][6]. Group 1: Financial Performance - The stock of Advance Auto Parts fell by 23.9% in February following the release of disappointing fourth-quarter 2024 earnings [1]. - The company reported an operating loss of $99.4 million for the fourth quarter, with same-store sales declining by 1% year over year [6]. - The 2025 guidance projects same-store sales growth of only 0.5%-1.5%, an adjustable operating income margin from continuing operations of 2%-3%, and a cash outflow ranging from $25 million to $85 million [6]. Group 2: Operational Challenges - Advance Auto Parts has struggled to improve its operational metrics to be on par with competitors like O'Reilly Automotive and AutoZone, which is essential for stock appreciation [2]. - The company has reiterated strategic priorities over the past decade, including sourcing products strategically, enhancing parts availability, and consolidating distribution centers, but has not made significant progress [4]. - The company continues to lag behind peers in terms of cash flow and receivables turnover, indicating inefficiencies in collecting cash from customers [5]. Group 3: Investor Sentiment - Despite the current challenges, Advance Auto Parts may still represent a value opportunity, but investors are looking for clear evidence of improvement in operational metrics before making new investments [7].

NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Block, Inc. ("Block" or the "Company") (NYSE: XYZ) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Block investors who were adversely affected by alleged securities fraud between February 26, 2020 and April 30, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/block-inc-lawsuit-submission-form-2?p ...