ROSEN, A TOP RANKED LAW FIRM, Encourages Block, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – SQ, XYZ

Core Viewpoint - Rosen Law Firm is reminding purchasers of Block, Inc. Class A common stock of the upcoming lead plaintiff deadline for a class action lawsuit, emphasizing the potential for compensation without out-of-pocket costs for eligible investors [1][2]. Group 1: Class Action Details - The class action lawsuit pertains to Block, Inc. and covers purchases made between February 26, 2020, and April 30, 2024 [1]. - Investors who purchased Block Class A common stock during the specified period may be entitled to compensation through a contingency fee arrangement [2]. - Interested parties can join the class action by submitting a form or contacting the law firm for more information [3][6]. Group 2: Allegations Against Block, Inc. - The lawsuit alleges that Block engaged in significant compliance lapses, failing to conduct due diligence on customer identities and transactions, which allowed illegal activities on its platforms [5]. - Specific illegal activities linked to Block's platforms include money laundering, child sexual abuse, sex trafficking, drug trafficking, and terrorism financing [5]. - The lawsuit claims that Block's leadership ignored numerous red flags and internal reports regarding compliance deficiencies, leading to inflated user metrics and potential reputational harm [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and ranking highly in securities class action settlements since 2013 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. - Founding partner Laurence Rosen has been recognized as a leading figure in the plaintiffs' bar, further establishing the firm's credibility [4].