Block, Inc. (XYZ) Faces Securities Class Action, Regulators Levy Cash App Fines Following Investigations Going Back to Hindenburg Report– Hagens Berman
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Block, Inc. (formerly NYSE: SQ, now NYSE: XYZ) is facing a securities class action and fines related to its Cash App platform following investigations initiated by a Hindenburg Research report from March 2023.
March 03, 2025 | 8:30 pm
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Block, Inc. is facing legal and regulatory challenges, including a securities class action and fines related to its Cash App platform, following a critical report by Hindenburg Research.
The securities class action and fines are significant legal and regulatory issues that could negatively impact Block, Inc.'s stock price. The issues stem from a Hindenburg Research report, which adds credibility to the claims.
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