Have you lost money investing in Block, Inc.? If yes, please visit us Block, Inc. Stockholder Class Action or contact Peter Allocco at (212) 951-2030 or [email protected] to discuss your rights.

NEW YORK, Nov. 15, 2022 (GLOBE NEWSWIRE) — Bernstein Liebhard LLP, a nationally recognized investor rights law firm, is reminding investors of the deadline for filing a motion by lead plaintiff in a securities class action lawsuit filed on behalf of investors, who have between purchased or acquired the securities of Block, Inc. (“Block” or the “Company”) (NYSE: SQ). November 4, 2021 and April 4, 2022, inclusive (the “Class Period”). The lawsuit was filed in the United States District Court for the Southern District of New York alleging violations of the Securities Exchange Act of 1934.

Block, formerly known as Square Inc., is a technology company that develops financial services tools. Its segments include Square, which offers financial tools for sellers, and Cash App, which offers financial tools for individuals.

Plaintiff alleges that throughout the Class Period, Defendants made materially false and misleading statements. Specifically, Plaintiff alleges that Defendants failed to disclose: (1) the company lacked adequate protocols limiting access to sensitive customer information; and (2) 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.

On April 4, 2022, Block announced that on December 10, 2021, a former employee improperly downloaded certain reports from the company’s subsidiary, Cash App Investing. Information in the reports included full client names and broker account numbers, as well as brokerage portfolio value, brokerage portfolio holdings, and/or stock trading activity. Up to 8.2 million cash…