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

Class Action Lawsuit Filed Against Kaspi.kz

On January 2, 2025, the Gross Law Firm announced that a class action has been initiated against the Joint Stock Company Kaspi.kz (NASDAQ: KSPI), inviting affected shareholders to register by February 18, 2025. This legal action focuses on allegations pertaining to misleading information provided by the company, impacting its stock value significantly during a defined period.

Background of the Case

The class action specifically pertains to shares purchased by investors between January 19, 2024, and September 19, 2024. The allegations against Kaspi.kz highlight several critical issues:

1. Continued Business with Russian Entities: It is claimed that the company persisted in business dealings with Russian entities and offered services to Russian citizens, even after the geopolitical fallout from Russia's invasion of Ukraine. This raised concerns about potential sanctions risks that had not been disclosed to shareholders.

2. Undisclosed Transactions: The lawsuit alleges that Kaspi.kz engaged in related party transactions that were not transparent to the investors, raising questions about the integrity of its business operations.

3. Links to Criminal Elements: There are allegations that certain executives within the company have connections to notorious criminals, thus exacerbating the doubts about the company's legitimacy and ethical standing.

4. Misrepresentation of Company’s Position: The statements made by the company regarding its business operations and future prospects are contended to be materially false and misleading, further complicating the trust that investors had in Kaspi.kz.

Details of the Class Action

Shareholders of Kaspi.kz who purchased shares during the specified time frame are encouraged to participate in this lawsuit. The Gross Law Firm is offering representation to those interested in becoming lead plaintiffs, although this step is not a prerequisite for recovery. The firm will provide portfolio monitoring software to keep shareholders updated on the status of the case throughout its duration.

Important Dates

• - Class Period: January 19, 2024 - September 19, 2024
• - Deadline to Register: February 18, 2025

It is crucial for shareholders not to delay in registering their involvement in this class action, as every contribution strengthens the case against the company.

Why Choose Gross Law Firm?

The Gross Law Firm is renowned for its commitment to protecting the rights of investors and has a track record of taking on cases that involve deceit and illegal practices. Their mission is to ensure that companies adhere to ethical standards and are held accountable for misleading investors.

With this class action suit, the firm aims to recover losses for shareholders who may have been adversely affected by the company's actions during the specified time period. Interested investors can find more details and register their information via the provided links to the law firm’s page.

Conclusion

In light of the allegations and the impending deadline, shareholders of Kaspi.kz should take proactive measures to protect their interests. Participating in this class action may be a critical step towards accountability and potential recovery of losses incurred due to the company's practices. For continuous updates and to register your participation, visit The Gross Law Firm’s website.

This class action represents an opportunity for shareholders to join together and seek justice against potentially misleading and damaging business practices by Kaspi.kz.