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Prime News delivers timely, accurate news and insights on global events, politics, business, and technology
New York, New York–(Newsfile Corp. – December 21, 2024)- BECAUSE: Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of purchasers of securities of the Kaspi.kz public limited company (NASDAQ: KSPI) between January 19, 2024 and September 19, 2024, both dates. inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must file with the Court no later than February 18, 2025 in the securities class action lawsuit first filed by the Firm.
SO WHAT: If you purchased Kaspi.kz securities during the Class Period, you may be entitled to compensation without paying any out-of-pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Kaspi.kz class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=29172 or call Phillip Kim, Esq. Call toll-free at 866-767-3653 or email at case@rosenlegal.com for information about the class action lawsuit. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must file with the Court no later than February 18, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSENADA LAW: We encourage investors to select qualified attorneys with a track record of success in leadership roles. Often, companies issuing notices do not have comparable experience, resources or any significant recognition from their peers. Be cautious when selecting an attorney. Rosen Law Firm represents investors throughout the world and concentrates its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest securities class action settlement against a Chinese company at that time. Rosen Law Firm Ranked No. 1 by ISS Securities Class Action (WA:) Services for several securities class action settlements in 2017. The company has ranked in the top four every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company earned more than $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of the Plaintiffs’ College. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the complaint, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Kaspi.kz continued to do business with Russian entities, and also provide services to Russian citizens, after the Russia crisis of 2022. invasion of Ukraine, thus exposing Kaspi.kz to undisclosed risk of sanctions; (2) Kaspi.kz engaged in undisclosed transactions with related parties; (3) some of Kaspi.kz executives have ties to suspected criminals; and (4) as a result, Defendants’ statements about Kaspi.kz’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details hit the market, the lawsuit claims investors suffered damages.
To join the Kaspi.kz class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=29172 or call Phillip Kim, Esq. Call toll-free at 866-767-3653 or email case@rosenlegal.com for information about the class action lawsuit.
No classes have been certified. Until a class is certified, you will not be represented by an attorney unless you hire one. You can select the lawyer of your choice. You can also remain an absent party member and do nothing at this time. An investor’s ability to participate in any potential future recovery is not dependent on serving as lead plaintiff.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234678