The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Block, Inc. (“Block” or “the Company”) (NYSE: SQ) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Block admitted in a April 4, 2022 SEC filing that it had suffered a serious data breach affecting more than 8 million current and former customers (the “Data Breach”). The Company disclosed that on December 10, 2021, a former employee downloaded sensitive information from its subsidiary, Cash App Investing LLC. The customer data included in the Data Breach included full names, account numbers, portfolio values, and trading activity.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at email@example.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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