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Joint Stock Company Kaspi.kz Sued for Securities Law Violations - Contact The Gross Law Firm Before February 18, 2025 to Discuss Your Rights – KSPI

1. KSPI is facing a class action lawsuit for misleading statements. 2. Allegations include undisclosed business ties with Russian entities post-invasion. 3. Executives reportedly have links to reputed criminals, further complicating disclosures. 4. Shareholders can register until February 18, 2025, for potential recovery.

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FAQ

Why Very Bearish?

Ongoing legal issues and sanctions risk can significantly hurt investor confidence, similar to past cases like Enron.

How important is it?

The lawsuit directly threatens KSPI's reputation and potential financial stability, crucial for shareholders and future investors.

Why Long Term?

The repercussions of legal and ethical scrutiny can affect KSPI's market position long after resolution, akin to the fallout seen with companies like Wells Fargo post-scandal.

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KSPI
NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Joint Stock Company Kaspi.kz (NASDAQ: KSPI). Shareholders who purchased shares of KSPI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/joint-stock-company-kaspi-kz-loss-submission-form/?id=126308&from=3 CLASS PERIOD: January 19, 2024 to September 19, 2024 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Joint Stock Company Kaspi.kz continued doing business with Russian entities, and also providing services to Russian citizens, after Russia’s 2022 invasion of Ukraine, thereby exposing the Company to the undisclosed risk of sanctions; (2) the Company engaged in undisclosed related party transactions; (3) certain of the Company’s executives have links to reputed criminals; and (4) as a result, defendants’ statements about Joint Stock Company Kaspi.kz’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. DEADLINE: February 18, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/joint-stock-company-kaspi-kz-loss-submission-form/?id=126308&from=3  NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of KSPI during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is February 18, 2025. There is no cost or obligation to you to participate in this case. WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:The Gross Law Firm15 West 38th Street, 12th floorNew York, NY, 10018 Email: dg@securitiesclasslaw.com Phone: (646) 453-8903

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