Do you own or have you held block shares? If yes, please visit us Block, Inc. Shareholder Investigation or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.

NEW YORK, March 28, 2023 (GLOBE NEWSWIRE) — Bernstein Liebhard LLP, a nationally recognized investor rights law firm, is investigating whether Block, Inc. (“Block” or the “Company”) Q violate federal securities laws.

If you Own Block Stock and want to discuss your legal rights and optionsplease visit Block, Inc. Shareholder Investigation or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com.

On March 23, 2023, Hindenburg Research alleged that Block misrepresented to investors the number of people using Cash App and the cost of acquiring them. Hindenburg also claimed that users made transactions through the Cash App for illegal activities and helped facilitate fraud related to aiding the coronavirus pandemic.

According to the message, “[f]Former employees described how Cash App suppressed internal concerns and ignored user calls for help while criminal activity and fraud were rampant on its platform.”

As a result of this news, Block’s common stock fell $10.77 per share, or over 14%, to close at $61.88 per share on March 23, 2023.

Since 1993, Bernstein Liebhard LLP has collected over $3.5 billion for its clients. In addition to representing individual investors, the firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and conduct litigation on their behalf. Due to its success in litigating hundreds of lawsuits and class actions, the firm has been named to the National Law Journal’s Plaintiff Hot List thirteen times and has been included in The Legal 500 for ten consecutive years.

LAWYER ADVERTISING. © 2023 Bernstein Liebhard LLP. The law firm responsible for this notice is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Previous results are not a guarantee or prediction…