The Joint (US:JYNT) Prnewswire·2025-02-10 10:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Joint Stock Company Kaspi.kz regarding a class action lawsuit due to allegations of misleading statements and undisclosed risks associated with the company's operations during a specific period [1][2]. Group 1: Allegations Against Kaspi.kz - The complaint alleges that 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 [1]. - The company is accused of engaging in undisclosed related party transactions [1]. - Certain executives of Kaspi.kz are alleged to have links to reputed criminals, which raises concerns about the integrity of the company's operations [1]. - As a result of these issues, statements made by the defendants regarding Kaspi.kz's business, operations, and prospects are claimed to be materially false and misleading [1]. Group 2: Class Action Details - The class period for the lawsuit is defined as January 19, 2024, to September 19, 2024 [1]. - Shareholders are encouraged to register for the class action by February 18, 2025, to potentially be appointed as lead plaintiffs [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2]. Group 3: About The Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3].