New York, New York--(Newsfile Corp. - September 15, 2023) - Pomerantz LLP is investigating claims on behalf of investors of Block, Inc.("Block" or the "Company") (NYSE: SQ). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Block and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On September 7 and September 8, 2023, users of the electronic payment platforms Square and Cash App, both owned by Block, experienced issues processing their accounts and processing payments. Both platforms subsequently confirmed that they had experienced service outages.
On this news, Block's stock price fell $4.56 per share, or 7.91%, over the following two trading sessions, to close at $53.08 per share on September 8, 2023.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/180788
