SQ - BLOCK ALERT: Bragar Eagel & Squire P.C. is Investigating Block Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Block, Inc. (NYSE:SQ) on behalf of long-term stockholders following a class action complaint that was filed against Block on January 31, 2023 with a Class Period from November 4, 2021 to April 4, 2022, including all former shareholders of Afterpay securities who acquired unregistered Block, Inc. Class A common stock (and/or corresponding 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. Our investigation concerns whether the board of directors of Block have breached their fiduciary duties to the company.
The filed complaint alleges that Block made materially false and/or misleading statements and/or failed to disclose ...