Abraham, Fruchter & Twersky LLP Notifies Shareholders of a Class Action Lawsuit on Behalf of Investors who Acquired Shares of Block, Inc. (NYSE: XYZ)
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Abraham, Fruchter & Twersky LLP has announced a class action lawsuit against Block, Inc. for securities fraud. Shareholders who acquired Block's Class A common stock between February 26, 2020, and April 30, 2024, have until March 18, 2025, to seek lead plaintiff status.
February 20, 2025 | 8:30 pm
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Block, Inc. is facing a class action lawsuit for securities fraud, which could negatively impact its stock price in the short term as investors react to the legal proceedings.
The announcement of a class action lawsuit for securities fraud is likely to create uncertainty and negative sentiment among investors, potentially leading to a decline in Block's stock price. Legal issues can affect investor confidence and result in increased volatility.
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