Tue, 21 Mar 2023

NEW YORK, NY / ACCESSWIRE / February 7, 2023 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Bronstein, Gewirtz and Grossman, LLC, Tuesday, February 7, 2023, Press release picture

Block, Inc. (f/k/a Square Inc.) (NYSE:SQ; SQ2; APT)
Class Period: Block securities between November 4, 2021 and April 4, 2022 (the 'Class Period'), 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 (the 'Merger' or 'Acquisition')

Deadline: April 3, 2023
For more info:www.bgandg.com/sq.

The complaint alleges that defendants made certain material misrepresentations and omissions concerning the Merger. Additionally, the complaint alleges that throughout the Class Period, the defendants: (1) deceived the investing public, including Plaintiff and other Class members, as alleged herein; (2) artificially inflated and maintained the market price of Block securities; and (3) caused Plaintiff and other members of the Class to purchase or otherwise acquire Block securities at artificially inflated prices.

Invivyd, Inc. f/k/a Adagio Therapeutics, Inc. (NASDAQ:IVVD)
Class Period: November 29, 2021 - December 14, 2021

Deadline: April 3, 2023
For more info:www.bgandg.com/ivvd.

The complaint alleges that throughout the Class Period, defendants failed to disclose that: (1) the published epitope mapping, structural studies, and sequence analyses which defendants had used to claim ADG20 was effective against the Omicron variant were insufficient, unreliable, and inadequate to make claims of effectiveness of ADG20 against Omicron; (2) that defendants' claims regarding ADG20's efficacy against Omicron lacked a reasonable factual basis; and (3) ADG20 was over 300 times less effective against the Omicron variant as compared to its effectiveness against previous variants.

Allianz SE (OTC:ALIZY)

Class Period: March 9, 2018 - May 17, 2022

Deadline: April 3, 2023
For more info:www.bgandg.com/alizy1.

The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Allianz did not have effective internal controls; (2) Allianz's subsidiary was involved in substantial fraudulent activity; (3) as a result, Allianz was at an increased risk of regulatory scrutiny; (4) as a result, Allianz was at an increased risk of substantial losses and financial costs; and (5) as a result, Defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.


Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC

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