Join the Class Action Against Joint Stock Company Kaspi.kz Before the February 2025 Deadline

Class Action Lawsuit Notice for Kaspi.kz Investors

Investors in Joint Stock Company Kaspi.kz, listed on NASDAQ under the ticker symbol KSPI, are being urged to participate in a class action lawsuit based on allegations of securities fraud. Levi & Korsinsky, a respected law firm specializing in investor rights, has initiated this action aimed at recovering losses experienced by shareholders during the defined period from January 19, 2024, to September 19, 2024.

Background of the Case

The filed complaint outlines multiple grievances against the company’s executives and the business practices of Joint Stock Company Kaspi.kz. Key allegations include misleading communication regarding the company’s dealings with Russian entities post-2022 invasion of Ukraine, which purportedly exposed investors to undisclosed risks related to international sanctions. Furthermore, concerns have been raised regarding related party transactions that were not disclosed to shareholders, as well as links between certain executives and reputed criminal figures.

This is significant, as the lawsuit highlights that the representations made by Kaspi.kz regarding its business integrity and operational prospects were fundamentally flawed, causing investors to make decisions based on false or misleading information.

Important Dates

The class action has a critical deadline: investors have until February 18, 2025, to file a request for the Court to appoint them as lead plaintiffs. However, it's essential to note that even if you do not serve as a lead plaintiff, you may still be eligible to share in any financial recovery resulting from the lawsuit.

No Financial Risk to Participants

One of the standout aspects of this lawsuit process is that individuals who join as class members are not required to incur any out-of-pocket costs or fees. Levi & Korsinsky assures that participation does not involve financial obligations, making it easier for aggrieved investors to seek justice without additional financial burdens.

Why Choose Levi & Korsinsky?

For over two decades, Levi & Korsinsky has built a reputation for securing hundreds of millions of dollars for shareholders who have faced injustices related to securities fraud. Their track record confirms their prowess in navigating complex securities lawsuits, and they boast extensive resources, including a team of over 70 legal professionals dedicated to ensuring clients receive the best possible outcomes.

How to Get Involved

Investors who believe they are eligible can visit Levi & Korsinsky's website for more information or can reach out to attorney Joseph E. Levi directly via email at jlevi@zlk.com or by phone at (212) 363-7500.

It's critical for affected parties to act swiftly, as time is of the essence in securing your rights and potential recovery as part of this class action.

Conclusion

The ongoing developments surrounding Joint Stock Company Kaspi.kz serve as a reminder of the risks investors face in securities markets, especially in politically sensitive environments. By joining this class action, investors can collectively hold the company accountable for its alleged misdeeds. Don’t delay — ensure your voice is heard before the February 2025 deadline.