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

Rosen Law Firm Investigates Kaspi.kz Shareholder Claims

Overview

The Rosen Law Firm, renowned for its dedication to investor rights, is actively investigating possible securities claims on behalf of shareholders of Joint Stock Company Kaspi.kz (NASDAQ: KSPI). This investigation arises from serious allegations stating that Kaspi.kz may have issued misleading business information regarding its financial stability and operations, potentially violating securities laws.

Background of the Investigation

On September 19, 2024, Culper Research, an independent research firm, released a controversial report titled “Kaspi.kz (KSPI): The NASDAQ-Listed Fintech Moving Money for Criminals and Kleptocrats.” This report accused Kaspi.kz of systematically misrepresenting its operations to investors, particularly about its exposure to Russia. The firm claims that despite Kaspi.kz's assertions of having no ties to Russia, their research indicates otherwise, revealing deep connections that have contributed significantly to Kaspi.kz's growth, especially during and after Russia's invasion of Ukraine in February 2022.

This report has triggered a notable reaction in the market, resulting in a substantial decline in the stock price of Kaspi.kz, with its shares dropping by 16.1% on the day of the report's release and further declining by 2.7% the next day. This dramatic fall signals a potential crisis for the NASDAQ-listed fintech company, as investor confidence wavers amid severe allegations.

Legal Support for Investors

For those who have invested in Kaspi.kz securities, the Rosen Law Firm is offering support through a no-cost contingency fee arrangement, meaning investors may receive compensation without upfront fees if the firm wins the case. If you believe you have suffered financial losses due to misleading information released by Kaspi.kz, now is the time to act. Investors can join the prospective class action by visiting Rosen Legal or by contacting Phillip Kim, Esq. directly at 866-767-3653 or through email at [email protected].

The Importance of Qualified Representation

Choosing the right legal counsel can make a significant difference in the outcome of securities class actions. The Rosen Law Firm stands out with an impressive track record, having represented thousands of investors globally and secured large settlements in the financial sector. They have been recognized for their success and expertise in navigating complex securities litigation.

The firm has previously achieved the largest settlement related to a securities class action against a Chinese company and has consistently ranked among the top law firms by ISS Securities Class Action Services since 2013. In 2019 alone, they recovered over $438 million for investors, showcasing their commitment to justice.

Conclusion

As the situation develops, it is crucial for investors in Kaspi.kz to stay informed and consider their legal options carefully. The investigation by the Rosen Law Firm represents a significant opportunity for individuals concerned about their investments to seek compensation for potential losses. For ongoing updates, follow Rosen Law Firm on their social media platforms or contact them directly.

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