Core Viewpoint - A class action securities lawsuit has been filed against Joint Stock Company Kaspi.kz, alleging securities fraud that affected investors between January 19, 2024, and September 19, 2024 [1][2]. Group 1: Allegations - The lawsuit claims that Joint Stock Company Kaspi.kz continued business with Russian entities and provided services to Russian citizens after Russia's invasion of Ukraine, exposing the company to undisclosed sanction risks [2]. - It is alleged that the company engaged in undisclosed related party transactions [2]. - Certain executives of the company are claimed to have links to reputed criminals, which contributed to misleading statements about the company's business and operations [2]. Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until February 18, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
Levi & Korsinsky Notifies Shareholders of Joint Stock Company Kaspi.kz(KSPI) of a Class Action Lawsuit and an Upcoming Deadline