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Kaplan Fox & Kilsheimer LLP Alerts Investors to a Securities Class Action Against Joint Stock Company Kaspi.kz (KSPI) - Deadline is February 18, 2025

By: TheNewswire.com
<div><p>NEW YORK - (<a href="https://www.newmediawire.com">NewMediaWire</a>) - December 30, 2024 -&nbsp;<a href="https://www.kaplanfox.com/?utm_source=NMW&amp;utm_medium=Press+Release&amp;utm_campaign=Kaspi&amp;utm_id=Kaspi&amp;utm_term=KSPI+NMW">Kaplan Fox &amp; Kilsheimer LLP</a> announces that a class action lawsuit has been filed against Joint Stock Company Kaspi.kz (&ldquo;Kaspi&rdquo; or the &ldquo;Company&rdquo;) (NASDAQ: KSPI) on behalf of investors that purchased or otherwise acquired Kaspi securities between January 19, 2024 and September 19, 2024 (the &ldquo;Class Period&rdquo;).</p> <p><a href="https://www.kaplanfox.com/case/kaspi-kz/?utm_source=NMW&amp;utm_medium=Press+Release&amp;utm_campaign=Kaspi&amp;utm_id=Kaspi&amp;utm_term=KSPI+NMW">CLICK HERE TO JOIN THE CASE</a></p> <figure align="left" style="width: 240px; max-width: 100%; margin-bottom: 20px; float: left; margin-right: 20px;"><img src="http://newmediawire.s3.amazonaws.com/6772f2aada846f3dd21a4ada_1" alt="" width="240" style="width: 240px; max-width: 100%; height: auto;" /></figure> <p><strong>If you are an investor in Kaspi and have suffered losses, you may </strong><a href="https://www.kaplanfox.com/case/kaspi-kz/?utm_source=NMW&amp;utm_medium=Press+Release&amp;utm_campaign=Kaspi&amp;utm_id=Kaspi&amp;utm_term=KSPI+NMW"><strong>CLICK HERE</strong></a><strong> to contact us. You may also contact Kaplan Fox by emailing </strong><a href="mailto:pmayer@kaplanfox.com"><strong>pmayer@kaplanfox.com</strong></a><strong> or by calling (646) 315-9003.</strong></p> <p><strong>DEADLINE REMINDER: </strong>If you are a member of the proposed Class, you may move the court <strong>no later than February 18, 2025</strong> to serve as a lead plaintiff for the purported class.&nbsp; If you have losses we encourage you to contact us to learn more about the lead plaintiff process.</p> <p>On September 19, 2024, <em>Culper Research</em> published a report entitled, &ldquo;Kaspi.kz (KSPI): The NASDAQ-Listed Fintech Moving Money for Criminals and Kleptocrats&rdquo; (the &ldquo;<em>Culper</em> Report&rdquo;).&nbsp; The <em>Culper</em> Report alleges that the Company &ldquo;has systematically misled U.S. investors and regulators in its repeated claims &ndash; especially ahead of the company&rsquo;s January 2024 NASDAQ listing &ndash; that the company has zero exposure to Russia.&rdquo;&nbsp; The <em>Culper</em> Report further alleges that its research found the &ldquo;Company&rsquo;s vast, longstanding ties to bad actors including sanctioned oligarchs and Russian mobsters.&rdquo;</p> <p>Following this news, Kaspi stock price fell $19.20 per share, over 16%, to close at $99.81 per share on September 19, 2024.</p> <p>The complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that (i) Kaspi continued doing business with Russian entities, and also providing services to Russian citizens, after Russia&rsquo;s 2022 invasion of Ukraine, thereby exposing the Company to the undisclosed risk of sanctions; (ii) the Company engaged in undisclosed related party transactions; and (iii) certain of the Company&rsquo;s executives have links to reputed criminals.</p> <p><strong>WHY CONTACT KAPLAN FOX - </strong>Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey.&nbsp; With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand.&nbsp; Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients.&nbsp; For more information about Kaplan Fox &amp; Kilsheimer LLP, you may visit our website at <a href="http://www.kaplanfox.com">www.kaplanfox.com</a>.</p> <p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.</p> <p>If you have any questions about this Notice, your rights, or your interests, please contact:</p> <p><strong>CONTACT:<br /></strong>Pamela A. Mayer<br /><a href="http://www.kaplanfox.com/">KAPLAN FOX &amp; KILSHEIMER LLP</a><br />800 Third Avenue, 38th Floor<br />New York, New York&nbsp;10022<br />(646) 315-9003<br /><a href="mailto:pmayer@kaplanfox.com">pmayer@kaplanfox.com</a></p> <p>Laurence D. King<br /><a href="http://www.kaplanfox.com/">KAPLAN FOX &amp; KILSHEIMER LLP</a><br />1999 Harrison Street, Suite 1560<br />Oakland, California 94612<br />(415) 772-4704<br /><a href="mailto:lking@kaplanfox.com">lking@kaplanfox.com</a></p><p class="nmw_link">View the original release on <a href="https://www.newmediawire.com/nmw_release/?rid=6772f2aada846f3dd21a4ada/kaplan-fox-kilsheimer-llp-alerts-investors-to-a-securities-class-action-against-joint-stock-company-kaspi-kz-kspi-deadline-is-february-18-2025">www.newmediawire.com</a></p></div>
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