JSC Kaspi.kz American Depositary Receipt

NEW YORK, Feb. 18, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Joint Stock Company Kaspi.kz ("Joint Stock Company Kaspi.kz" or the "Company") (NASDAQ: KSPI) of a class action securities lawsuit.

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Joint Stock Company Kaspi.kz investors who were adversely affected by alleged securities fraud between January 19, 2024 and September 19, 2024. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/joint-stock-company-kaspi-kz-lawsuit-submission-form?prid=129502&wire=4 

KSPI investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed 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.

WHAT'S NEXT? If you suffered a loss in Joint Stock Company Kaspi.kz during the relevant time frame, you have until February 18, 2025 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

Ed Korsinsky, Esq.

33 Whitehall Street, 17th Floor

New York, NY 10004

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com

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SOURCE Levi & Korsinsky, LLP

SAN DIEGO, Feb. 17, 2025 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Joint Stock Company Kaspi.kz (NASDAQ: KSPI) publicly traded securities between January 19, 2024 and September 19, 2024, inclusive (the "Class Period"), have until this upcoming Tuesday, February 18, 2025 to seek appointment as lead plaintiff of the Kaspi.kz class action lawsuit.  Captioned Krivenok v. Joint Stock Company Kaspi.kz, No. 24-cv-10926 (C.D. Cal.), the Kaspi.kz class action lawsuit charges Kaspi.kz as well as certain of Kaspi.kz's top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Kaspi.kz class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-joint-stock-company-kaspi-kz-class-action-lawsuit-kspi.html 

You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com.

CASE ALLEGATIONS: Kaspi.kz provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan.

The Kaspi.kz class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Kaspi.kz continued doing business with Russian entities, and also providing services to Russian citizens, after Russia's 2022 invasion of Ukraine, thereby exposing Kaspi.kz to the undisclosed risk of sanctions; (ii) Kaspi.kz engaged in undisclosed related party transactions; and (iii) certain of Kaspi.kz's executives have links to reputed criminals.

The Kaspi.kz class action lawsuit further alleges that on September 19, 2024, Culper Research issued a report entitled "Kaspi.kz (KSPI): The NASDAQ-Listed Fintech Moving Money for Criminals and Kleptocrats."  On this news, the price of Kaspi.kz American depositary shares fell nearly 19% over two trading sessions, according to the complaint.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Kaspi.kz publicly traded securities during the Class Period to seek appointment as lead plaintiff in the Kaspi.kz class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the Kaspi.kz class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the Kaspi.kz class action lawsuit.  An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Kaspi.kz class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud cases.  Our Firm has been #1 in the ISS Securities Class Action Services rankings for six out of the last ten years for securing the most monetary relief for investors.  We recovered $6.6 billion for investors in securities-related class action cases – over $2.2 billion more than any other law firm in the last four years.  With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.  Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes. 

Services may be performed by attorneys in any of our offices. 

Contact:

            Robbins Geller Rudman & Dowd LLP

            J.C. Sanchez, Jennifer N. Caringal

            655 W. Broadway, Suite 1900, San Diego, CA 92101

            800-449-4900

            info@rgrdlaw.com

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SOURCE Robbins Geller Rudman & Dowd LLP