BOSTON, March 23, 2023 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Block, Inc. f/k/a Square, Inc. (NYSE: SQ) for potential securities law violations. Investors who have lost money in their Block investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/block.
What is this all about?
On March 23, 2023, well-known short-seller Hindenburg Research issued an investigative report alleging “that Block has wildly overstated its genuine user counts and has understated its customer acquisition costs.”
Shares of Block dropped 20% in premarket and early morning trading on March 23, 2023.
Who is eligible?
Anyone who purchased Block, Inc. stock and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at cases@blockleviton.com, or by phone at (617) 398-5600.
Why should you contact Block & Leviton?
Many law firms may issue press releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email cases@blockleviton.com with any questions.
This notice may constitute attorney advertising.
CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: cases@blockleviton.com
SOURCE: Block & Leviton LLP
www.blockleviton.com
