SQ, XYZ Deadline: SQ, XYZ Investors Have Opportunity to Lead Block, Inc. Securities Fraud Lawsuit

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 fees [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 accusations include facilitating money laundering, child sexual abuse, sex trafficking, drug trafficking, and other illicit activities due to inadequate customer verification processes [5]. - The lawsuit claims that Block's leadership ignored numerous red flags and internal reports regarding compliance deficiencies, leading to inflated user metrics and exposing the company to reputational and regulatory risks [5].