Legal Action Initiated Against Kaspi.kz Amid Allegations of Fraud

Class Action Alert for Shareholders of Joint Stock Company Kaspi.kz

Attention shareholders of Joint Stock Company Kaspi.kz (NASDAQ: KSPI)! A class action has been initiated, and if you've purchased shares during the defined period, this announcement is crucial for you. It's essential to understand your rights and the allegations that have arisen against the company.

Overview of the Class Action

Recently, a law firm has issued a notice to shareholders of Joint Stock Company Kaspi.kz, urging those who acquired shares during the class period to reach out regarding their potential status as lead plaintiffs. It's important to note that you do not need to be a lead plaintiff to benefit from any possible recovery.

Key Dates for Shareholders

The class period spans from January 19, 2024, to September 19, 2024. The deadline to register your claim is February 18, 2025. Shareholders are encouraged to act promptly to ensure their positions are secure within this class action.

Allegations Against Kaspi.kz

The complaint against Joint Stock Company Kaspi.kz details serious allegations. It claims that during the class action period, the company made materially false or misleading statements, failing to disclose significant information. The allegations include:

• Continuing business operations with Russian entities despite the geopolitical climate following Russia's actions in Ukraine.
• Engaging in undisclosed related party transactions.
• Associations between certain executives and reputed criminals.
• Overall, the defendants' declarations about the company's operations were misleading, lacking a solid basis throughout the timeline.

Next Steps for Shareholders

If you purchased shares of KSPI within the specified period, promptly register your information to ensure participation in the proceedings. Once registered, you'll gain access to monitoring tools that will keep you informed about the progress of the case. Remember, joining this process is without cost or obligation for you.

Why Choose Gross Law Firm?

The Gross Law Firm is a respected entity within the legal landscape, dedicated to defending the rights of investors. Their mission is clear: protect investors from deceit, fraud, and unethical business practices. They stand firm in their commitment to transparency and corporate responsibility, ensuring investors who have suffered losses due to misleading statements can seek valid recovery.

Contact Information

For those interested in participating or seeking more details regarding the class action, contact The Gross Law Firm directly. Their office is located at 15 West 38th Street, 12th floor, New York, NY 10018. You can also reach out via phone at (646) 453-8903. They remain proactive in addressing shareholder concerns and ensuring you have the necessary resources for your case.

Frequently Asked Questions

What is the class action about?

The class action involves allegations against Joint Stock Company Kaspi.kz about misleading statements and undisclosed risks linked to the company's operations.

Who can join the class action?

Shareholders who purchased shares of KSPI between January 19, 2024, and September 19, 2024, are eligible to participate in the class action.

What is the deadline for registration?

The deadline for registering your claim in this class action is February 18, 2025.

Is there a cost to join the class action?

No, there is no cost or obligation to you for participating in this class action.

How can I stay updated on the case?

Once you register, you will gain access to a monitoring platform that provides updates throughout the lifecycle of the case.

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