Herman Jones LLP is Investigating Claims for Block’s Shareholders Who May Have Been Harmed by the Company’s Material Omissions Relating to Its Business Practices and Key Metrics
On March 22, 2023, Block’s stock had a closing share price of $72.65. On the following day, allegations were made regarding Block’s business practices, including, but not limited to: the accuracy of Block’s reporting of genuine user accounts; the nature of the activity in which certain users are engaging on Block’s platform; and Block’s compliance practices. As a result, on March 23, 2023, Block’s stock price tumbled to $58.09 per share, a low of over 20% less than its previous day’s closing share price.
Herman Jones LLP (www.hermanjones.com) is investigating potential claims of shareholders of Block, Inc. (NYSE: SQ) who may have been harmed by the actions of the Company’s officers and directors and on behalf of Block Inc.
IF YOU OWN BLOCK SHARES AND WOULD LIKE TO BE INVOLVED, PLEASE CONTACT HERMAN JONES LLP AT THE CONTACT INFORMATION BELOW.
IF YOU ARE A CURRENT SHAREHOLDER OF BLOCK SHARES, you may have standing to hold Block Inc. harmless from the alleged harm caused by the Company’s officers and directors by making them personally responsible. You may also be able to assist in reforming the Company’s corporate governance to assure compliance and prevent future wrongdoing.
IF YOU ARE INTERESTED IN LEARNING MORE ABOUT THE INVESTIGATION, PLEASE CONTACT US AT THE INFORMATION BELOW. IF EMAILING, PLEASE INCLUDE A PHONE NUMBER.
ABOUT HERMAN JONES LLP:
Herman Jones LLP (www.hermanjones.com) is a nationally recognized high stakes litigation law firm with offices in Atlanta, Newark and Seattle. Herman Jones LLP represents individual and institutional investors in shareholder derivative and securities class action lawsuits, in addition to antitrust, intellectual property, consumer class actions and venture fund transactional work. Herman Jones LLP regularly assists clients in recovering losses resulting from violations of federal securities laws. For more information about the firm and its attorneys, please visit https://www.hermanjones.com. Attorney advertising. Past results do not guarantee future outcomes.
John Herman
Herman Jones LLP
+1 404-504-6500
hjadmin@hermanjones.com
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