NEW YORK, Feb. 24, 2023 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that class action lawsuits can be filed on behalf of Block, Inc. QAtlassian Corporation Plc TEAMPLDT Inc. PHIand Global Payments, Inc. GPN. Shareholders have until the deadlines below to petition the court to be lead plaintiff. For more information on each case, see the link provided.
Block, Inc. Q
Class Period: November 4, 2021 – April 4, 2022 (including all past shareholders of Afterpay securities holding unregistered Class A common stock of Block, Inc. (and/or relevant SQ CHESS Depository Interests (“CDI”))) (” Block shares”)” or “Square Securities”) in direct exchange for Afterpay shares pursuant to Block’s January 31, 2022 acquisition and stock-for-stock merger with Afterpay)
Lead Plaintiff Deadline: April 3, 2023
The complaint alleges that Block provided materially false and/or misleading information and/or failed to disclose the following: (1) Defendants failed to meet the mandatory conditions required to exempt them from registration under Section 3( a)(10) to exempt and issue and sell unregistered block shares; (2) Contrary to Sections 5(a) and (c) of the Securities Act, no registration statement was filed with the US Securities and Exchange Commission or was in effect with respect to such issued, solicited and sold Block Shares as a result of the acquisition of Block on December 31, 2018. January 2022 and the stock-for-stock merger with Afterpay (the “Merger” or “Acquisition”); (3) Defendants failed to satisfy the mandatory requirements of Section 3(a)(10) in multiple respects in order to enforce the Acquisition; and (4) the Defendants’ grossly negligent omissions deprived the New South Wales Supreme Court (“NSW Court”) of critical information necessary for a genuine assessment of the alleged “fairness” of the merger and deprived the Plaintiff and other afterpay Shareholders beyond their. ..
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