#United States #New York #Class Action #Gross Law Firm #Kaspi.kz

Legal Action Launched Against Kaspi.kz

In a significant development for investors of Joint Stock Company Kaspi.kz (NASDAQ: KSPI), The Gross Law Firm has filed a class-action lawsuit aimed at obtaining reparations for shareholders. This legal action has been prompted by allegations that the company engaged in misleading practices and failed to disclose essential information that may have impacted its stock performance.

Class Period and Allegations

The lawsuit pertains to shares purchased during a specific timeframe: from January 19, 2024, to September 19, 2024. Allegations against Kaspi.kz include several grave accusations that cast doubt on the company's operations. Key points raised in the complaint include:

1. Continued Relations with Russia: It has been alleged that Kaspi.kz maintained business transactions with Russian entities and provided services to Russian citizens, despite the geopolitical tensions following Russia's invasion of Ukraine in 2022. This behavior raises serious questions regarding the company’s risk management and adherence to international sanctions.

2. Undisclosed Related Transactions: Shareholders were not made aware of certain related-party transactions that may suggest financial misconduct or mismanagement within the company.

3. Connections to Criminal Elements: Reports indicate that some executives associated with Kaspi.kz may have links to individuals with criminal backgrounds. This allegation severely undermines the company’s credibility and operational integrity.

4. False and Misleading Statements: The complaint asserts that the defendants made multiple statements regarding Kaspi.kz’s business outlook and performance that were not only misleading but fundamentally lacked a reasonable basis. This has directly affected investor confidence and the company’s stock valuation.

Important Deadlines for Shareholders

Shareholders affected by this situation are urged to act promptly. The last date to register your interest in participating as a lead plaintiff in this class-action lawsuit is February 18, 2025. By registering, you will be kept updated through portfolio monitoring software that provides timely updates about the lawsuit's progress.

Participating in this class-action case incurs no costs or obligations for shareholders. It's an opportunity for those who have suffered losses to potentially gain reparations based on the case's outcome.

Why Choose Gross Law Firm?

The Gross Law Firm is widely recognized for its commitment to defending the rights of investors adversely affected by fraudulent corporate practices. Their mission is to hold companies accountable for unethical behavior and ensure that investors who incur losses due to misleading statements can seek justice and restitution. Their seasoned approach to class-action lawsuits aims to foster ethical business practices and corporate responsibility.

Contact Information

For further information or to register your involvement, you can reach out to The Gross Law Firm directly:

• - Email: info@grosslawfirm.com
• - Phone: (646) 453-8903
• - Address: 15 West 38th Street, 12th floor, New York, NY 10018.

As the case unfolds, investors await clarity on the allegations and the potential implications for their investments. This class-action lawsuit could serve as a pivotal moment for transparency and accountability within Kaspi.kz, reflecting broader investor rights in the marketplace today.