SAN DIEGO, Feb. 27, 2025 (GLOBE NEWSWIRE) — Robbins LLP reminds investors that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired Block, Inc. (NYSE:XYZ) Class A common stock between February 26, 2020 and April 30, 2024. Block is a financial technology conglomerate.
For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
The Allegations: Robbins LLP is Investigating Allegations that Block, Inc. (XYZ) Misled Investors Regarding the Company’s Compliance Leading to it Illegal Use
According to the complaint, during the class period, defendants failed to disclose: (a) that Block had engaged in widespread and years-long compliance lapses at Square and Cash App, including by failing to conduct basic due diligence regarding its customers’ identities or the nature of customer transactions so as to prevent the platforms from being used for illegal or illicit activities; (b) that Block had effectively created a haven for widespread illegal and illicit activities on its Square and Cash App platforms by imposing minimal obligations on customers seeking to open accounts, transact, and deposit or withdraw funds; encouraging the use …
