{"id":81791,"date":"2023-03-28T05:31:47","date_gmt":"2023-03-28T05:31:47","guid":{"rendered":"http:\/\/jordannewsgazette.com\/?guid=51a317156275cf6b01844abafe626fbd"},"modified":"2023-03-28T05:31:47","modified_gmt":"2023-03-28T05:31:47","slug":"investor-news-rosen-recognized-investor-counsel-encourages-block-inc-f-k-a-square-inc-investors-with-losses-to-inquire-about-class-action-investigation-sq","status":"publish","type":"post","link":"https:\/\/jordannewsgazette.com\/investor-news-rosen-recognized-investor-counsel-encourages-block-inc-f-k-a-square-inc-investors-with-losses-to-inquire-about-class-action-investigation-sq\/","title":{"rendered":"INVESTOR NEWS: ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Block, Inc. f\/k\/a Square, Inc. Investors with Losses to Inquire About Class Action Investigation \u2013 SQ"},"content":{"rendered":"
\n

NEW YORK, March 27, 2023 (GLOBE NEWSWIRE) — WHY: <\/strong>Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Block, Inc. f\/k\/a Square, Inc. (NYSE: SQ) resulting from allegations that Block, Inc. may have issued materially misleading business information to the investing public.<\/p>\n

SO WHAT:<\/strong> If you purchased Block securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.<\/p>\n

WHAT TO DO NEXT: <\/strong>To join the prospective class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=13546<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action.<\/p>\n

WHAT IS THIS ABOUT: <\/strong>On March 23, 2023, before the market opened, market analyst Hindenburg Research released a report entitled \u201cBlock: How Inflated User Metrics and \u201cFrictionless\u201d Fraud Facilitation Enabled Insiders to Cash Out Over $1 Billion.\u201d Hindenburg\u2019s research, which took place over a two-year period and involved \u201cdozens of interviews with former employees, partners, and industry experts, extensive review of regulatory and litigation records\u201d led it to conclude that the \u201c’magic’ behind Block\u2019s business has not been disruptive innovation, but rather the company\u2019s willingness to facilitate fraud against consumers and the government, avoid regulation, dress up predatory loans and fees as revolutionary technology, and mislead investors with inflated metrics.\u201d The report further alleged, among other things, that Block had \u201cwildly overstated\u201d its user accounts and provided banking services to violent criminals.<\/p>\n

On this news, the price of Block\u2019s stock declined by as much as 20% in intraday trading before closing at $61.88 on March 23, 2023, a 14.8% decline from the prior day.<\/p>\n

WHY ROSEN LAW: <\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

——————————–<\/p>\n

Contact Information:<\/p>\n

Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\nlrosen@rosenlegal.com<\/a>
\npkim@rosenlegal.com<\/a>
\ncases@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a><\/p>\n

GlobeNewswire Distribution ID 8796411<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, March 27, 2023 (GLOBE NEWSWIRE) \u2014 WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Block, Inc. f\/k\/a Square, Inc. (NYSE: SQ) resulting from allegations that Block, Inc. may have issued materially misleading business information to the investing public. SO [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,52,415],"tags":[],"yoast_head":"\nINVESTOR NEWS: ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Block, Inc. f\/k\/a Square, Inc. 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