ROSEN, LEADING INVESTOR COUNSEL, Encourages Block, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SQ, XYZ

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Block, Inc. Class A common stock between February 26, 2020, and April 30, 2024, due to alleged compliance failures and misleading statements by the company [1][5]. Group 1: Class Action Details - The class action lawsuit has already been filed, and investors who purchased Block Class A common stock during the specified period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2][3]. - Interested parties can join the class action by visiting the provided link or contacting the law firm directly [3][6]. Group 2: Allegations Against Block, Inc. - The lawsuit claims that Block engaged in widespread compliance lapses, failing to conduct due diligence on customer identities and transactions, which allowed illegal activities to proliferate on its platforms [5]. - Specific allegations include facilitating money laundering, child sexual abuse, sex trafficking, drug trafficking, terrorism financing, and other illicit activities through inadequate customer verification processes [5]. - The lawsuit also states that Block's leadership failed to address known compliance deficiencies, leading to inflated user metrics and exposing the company to significant reputational and regulatory risks [5].