SQ Investors Have Opportunity to Lead Block, Inc. Securities Fraud Lawsuit with the Schall Law Firm

Core Viewpoint - A class action lawsuit has been filed against Block, Inc. for alleged violations of securities laws, with claims of false and misleading statements regarding compliance and illegal activities on its platforms [1][4]. Group 1: Lawsuit Details - The lawsuit pertains to Block, Inc. for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 [1]. - Investors who purchased Block's securities between February 26, 2020, and April 30, 2024, are encouraged to participate in the lawsuit [2]. - The class has not yet been certified, meaning potential participants are not currently represented by an attorney [3]. Group 2: Allegations Against Block, Inc. - The complaint alleges that Block made false and misleading statements and engaged in compliance lapses at Square and Cash App over several years [4]. - Block is accused of creating an environment that facilitated illegal activities, including money laundering and financing child exploitation, by neglecting standard due diligence practices [4]. - The company allegedly inflated its performance metrics through the use of fake accounts and allowed criminals to open multiple accounts, leading to investor losses when the truth was revealed [4].