#United States #New York #Levi & Korsinsky #Kaspi.kz #KSPI

Join the Class Action Against Kaspi.kz

Levi & Korsinsky, LLP, a well-known law firm specializing in investor rights, has made a formal announcement addressing shareholders of Joint Stock Company Kaspi.kz (NASDAQ: KSPI). The firm has opened a class action lawsuit for investors who suffered losses due to alleged securities fraud between January 19, 2024, and September 19, 2024.

What Happened?

The lawsuit stems from claims that Kaspi.kz misrepresented key aspects of its operations and risks associated with ongoing business relationships with Russian entities. Allegations include the following:

• - Continuing to operate with Russian firms and providing services to Russian citizens, despite international sanctions following Russia's invasion of Ukraine in 2022.
• - Engaging in undisclosed transactions with related parties that pose significant risks to investors.
• - Associations of some executives with reputed criminals, calling into question their integrity and the company’s governance.
• - Providing misleading statements regarding the firm’s business operations and overall outlook, which may have led investors to make decisions based on incomplete or false information.

These claims highlight serious governance issues within Kaspi.kz, potentially leading to significant financial repercussions for investors.

Why Join the lawsuit?

If you found yourself disadvantaged financially due to these uncovered allegations, you have a chance to take action. Those affected by the situation are encouraged to participate in the class action. It's an opportunity for affected investors to seek compensation without bearing the cost of legal fees upfront. Levi & Korsinsky has assured that there is no cost to class members, making it a risk-free option for those looking to reclaim losses.

Key Details to Remember

• - Deadline for Participation: February 18, 2025.
• - To participate, you can fill out a submission form available in the provided link or contact the law firm directly through Joseph E. Levi via email or phone.
• - Even if you do not want to be a lead plaintiff, joining the suit allows you to share in any potential recovery from the case.

About Levi & Korsinsky

With over 20 years of experience in defending shareholder rights, Levi & Korsinsky has secured hundreds of millions of dollars for its clients. They are known for their expertise in complex securities litigation. The firm comprises a dedicated team of over 70 professionals, working tirelessly to represent investors affected by misconduct in the financial markets. Their consistent placement among the top securities litigation firms in the United States underscores their reputation and effectiveness in defending investor interests.

Conclusion

If you believe you have been adversely impacted due to the purported concealment of critical information by Kaspi.kz, now is the time to act. Joining this class action may allow you to recover losses while holding the company accountable for its actions. Visit the provided link for more information on how to proceed.

For further details, you can contact Levi & Korsinsky, LLP at:

• - Joseph E. Levi, Esq.
• - Tel: (212) 363-7500
• - Email: [email protected]
• - Address: 33 Whitehall Street, 17th Floor, New York, NY 10004.

Make sure to act before the deadline and secure your place in this crucial legal action.