SQ Investors Called to Spearhead Major Lawsuit Against Block, Inc. Over Alleged Securities Fraud
Investors of Block, Inc. (formerly known as Square, Inc.), the San Francisco-based financial technology company, have been presented with an opportunity to lead a securities fraud lawsuit. The litigation stems from allegations that the company provided misleading information about its financial activities and business operations. This has raised concerns among shareholders about potential violations of federal securities laws. The case against Block, Inc. highlights significant claims that the company failed to adequately disclose the risks associated with its acquisition of Afterpay, a ‘buy now, pay later’ service. This purchase, which was executed to enhance Block’s … Read more