NEW YORK, Oct. 28, 2022 (GLOBE NEWSWIRE) — Attorney Advertising — Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Block, Inc. (“Block” or the “Company”) (NYSE: SQ) and certain its officers on behalf of all persons and entities that purchased or otherwise acquired Block Securities between November 4, 2021 and April 4, 2022, both dates inclusive (the “Collection Period”). Such investors are encouraged to join this case by visiting the company’s website: www.bgandg.com/sq.

This class action seeks damages against the defendants for alleged violations of the Securities Exchange Act of 1934 (the “Exchange Act”).

The Complaint filed in this Class Action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations and prospects. Specifically, the defendants failed to disclose to investors: (1) that the company did not have adequate protocols to limit access to sensitive customer information; (2) as a result, a former employee was able to download certain reports from the Company’s subsidiary, Cash App Investing, that contained full client names and broker account numbers, as well as broker portfolio value, broker portfolio holdings and/or stock trading activity; (3) that the Company would be likely to suffer substantial damage, including reputational damage, as a result; (4) and that as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacked any reasonable basis.

A class action lawsuit has already been filed. If you would like to see a copy of the complaint, you can visit the firm’s website: www.bgandg.com/sq or contact Peretz Bronstein, Esq. or his legal trainee and client relations manager Yael Nathanson of Bronstein, Gewirtz &…