#None #Securities Fraud #Kaspi.kz #Pomerantz

Pomerantz Law Firm Investigates Kaspi.kz

Pomerantz LLP, a renowned law firm, has initiated an investigation into claims made by investors against Kaspi.kz, a joint stock company listed on NASDAQ under the ticker KSPI. The inquiry focuses on whether the company and its top executives engaged in deceptive business practices or securities fraud that may have adversely affected shareholders.

This investigation comes in light of a critical report released by Culper Research in September 2024, suggesting that Kaspi.kz may have systematically misled investors about its connections to Russian entities. Culper asserts that these relationships permeate various aspects of the company's operations, contradicting Kaspi's prior statements claiming zero exposure to Russia. Particularly, the research highlights a troubling narrative where Kaspi's growth is allegedly tied to its dealings with Russian partners following geopolitical tensions that escalated in early 2022.

According to Culper's analysis, Kaspi.kz has historical ties to questionable entities, including sanctioned oligarchs and organized crime figures. These allegations not only raise concerns related to corporate governance and ethics but also put the company's prestigious valuation and NASDAQ listing at risk. On December 20, 2024, following these revelations, Kaspi's stock saw a significant decline of nearly 19%, reflecting investor apprehension over the company's integrity.

Pomerantz LLP has a storied history in advocating for the rights of investors adversely affected by corporate misconduct. With over 85 years in class-action litigation, they have secured numerous settlements for harmed shareholders. Their commitment to battling securities fraud and protecting the interests of investors is at the forefront of this undertaking against Kaspi.kz.

Investors who feel they may be impacted by these developing events are encouraged to reach out to Pomerantz for information about potential participation in the class action. The firm advises affected parties to contact Danielle Peyton via email or phone to explore their legal options.

In the wake of this unfolding situation, the implications for Kaspi.kz and its stakeholders remain significant. As investigations progress, stakeholders will be closely monitoring how the company navigates these allegations and what steps will be taken to restore shareholder confidence.

Through their proactive stance, Pomerantz aims to hold accountable those responsible for any wrongdoing, assuring that investor rights are preserved. As this legal battle continues to develop, it serves as a critical reminder of the importance of transparency and ethical conduct in the financial markets.