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

Gross Law Firm Notifies Kaspi.kz Investors of Class Action Lawsuit

The Gross Law Firm has recently informed shareholders of Joint Stock Company Kaspi.kz (NASDAQ: KSPI) regarding a class action lawsuit that has significant implications. This notice, issued on January 6, 2025, encourages shareholders who acquired their shares during the specified class period to take action and consult with the firm. The key class period in question spans from January 19, 2024, to September 19, 2024.

Allegations Against Kaspi.kz

The adverse allegations surfacing in this lawsuit revolve around several critical issues concerning Kaspi.kz. Specifically, the complaint outlines that the company purportedly continued its business operations with Russian entities and provided services to Russian citizens following Russia's invasion of Ukraine in 2022. This conduct reportedly exposes the company to the risks of sanctions that were not disclosed to its shareholders, leading to a disastrous situation for investors.

Additionally, the lawsuit claims that Kaspi.kz engaged in undisclosed related-party transactions, raising ethical concerns about its business practices. Moreover, there are allegations linking certain executives of the company to known criminals, further deepening the complexities of the case. Consequently, all these factors led to a lack of transparency, misleading statements, and a substantially inflated perception of the company's actual business and operational standing.

Important Deadlines

Investors in Kaspi.kz are advised not to delay in registering for this class action lawsuit. February 18, 2025, marks a crucial deadline for those wishing to register or seek lead plaintiff status. The Gross Law Firm highlights that no commitment or financial obligation is required to participate in the case.

To facilitate this process, shareholders are encouraged to register online to be included in an ongoing monitoring system that will provide updates as the case progresses. It is essential for interested individuals to act promptly in order to safeguard their rights as investors.

The Mission of Gross Law Firm

The Gross Law Firm is renowned for representing investors in class action lawsuits with a commitment to ensure companies uphold ethical practices and corporate responsibilities. Their focus is primarily on protecting investors against deceitful and fraudulent activities that may lead to significant financial losses. The firm’s motivation lies in seeking justice for those who have suffered due to misleading information or the omission of critical disclosures by companies.

For Kaspi.kz investors, this situation serves as a stark reminder of the risks associated with corporate governance and the importance of vigilance in monitoring the actions of businesses.

How to Contact the Gross Law Firm

Shareholders who wish to register for the class action lawsuit against Kaspi.kz can do so by visiting the official website of the Gross Law Firm. They provide a straightforward loss submission form that investors can complete to begin the process. To ensure all inquiries and concerns are addressed, the firm offers various methods to get in touch:
Email: [email protected]
Phone: (646) 453-8903
* Location: Gross Law Firm, 15 West 38th Street, 12th Floor, New York, NY 10018

The Gross Law Firm’s proactive approach provides essential resources and support for Kaspi.kz shareholders, aiming to navigate through this challenging legal landscape. It’s imperative for investors to stay informed and engaged to ensure their rights are protected as this case unfolds. Investors are reminded to keep close tabs on the developments leading up to the February 2025 deadline to be fully prepared for the outcomes.