NEW YORK, Nov. 9, 2024 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, has filed a lawsuit against Kaspi.kz, a joint-stock company (NASDAQ : KSPI) investigation is continuing.
If you have invested in Kaspi.kz, we encourage you to visit https://rosenlegal.com/case/joint-stock-company-kaspi-kz/ for additional information.
Why did Kaspi.kz’s stock price fall?
On September 19, 2024, Calper Research released a report titled “Kaspi.kz (KSPI): Nasdaq-listed FinTech Moves Money to Criminals and Thieves.” In the report, Mr. Kalper announced that it had “damaged Kaspi, which operates Kazakhstan’s largest payment network and second largest bank.” We believe that Casspi systematically misled U.S. investors and regulators, particularly in advance of the company’s listing in January 2024 (Nasdaq), by repeatedly claiming that the company had zero exposure to Russia. I think it has come. ”
Further, Culper said, “The research uncovered this grave deception. We found that not only did Caspian’s relationships with its Russian partners permeate every area of the company’s business, but that in February 2022, Russia’s “We believe that Russia has made significant contributions starting with the invasion of Ukraine and leading up to 2024.” Kaspi’s growth report. Our investigation uncovers more of Caspian’s history of shady dealings, raising concerns of associate and self-dealing, as well as linking the company’s vast network with bad actors, including sanctioned oligarchs and Russian gangsters. Long-standing connections were also revealed. We believe Caspi’s premium valuation and US listing are at risk, and the stock is headed for a decline. ”
Following this news, Kaspi.kz American Depositary Shares (“ADS”) declined by 16.1% on September 19, 2024, and by a further 2.7% on September 20, 2024.
Click here for more information: https://rosenlegal.com/case/joint-stock-company-kaspi-kz/
What can you do?
If you have invested in Kaspi.kz, we recommend that you submit your information to the company as you may have legal options. All representation is done on a contingency fee basis and is free of charge. Stockholders are not responsible for legal fees or costs. The company plans to seek court approval for potential fees and costs.
Please visit below to submit your information.
https://rosenlegal.com/submit-form/?case_id=29172 or call your Phillip Kim representative. Toll-free 866-767-3653 or email case@rosenlegal.com for information on the class action.
Why Rosen Law?
We encourage investors to select qualified attorneys with a track record of success in leadership roles. Companies issuing notices often do not have comparable experience, resources, or meaningful peer evaluations. Many of these companies do not actually file securities class action lawsuits. Be wise when choosing a lawyer. The Rosen Law Firm represents investors throughout the world, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest securities class action settlement at the time against a Chinese company. Rosen Law Firm was ranked #1 in 2017 by ISS Securities Class Action Services for number of securities class action settlements. The firm has been ranked in the top four every year since 2013 and has recovered hundreds of millions of dollars from investors. In 2019 alone, the company secured over $438 million from investors. In 2020, founding partner Lawrence Rosen was named a Titan of Plaintiffs’ Lawyers by Law360. Many of our attorneys are recognized by Lawdragon and Super Lawyers.
For more information about RLF and its attorneys, please visit https://rosenlegal.com/.
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contact address:
Lawrence Rosen, Esq.
Mr. Philip Kim, Esq.
Pennsylvania Rosen Law Firm
275 Madison Avenue, 40th floor
New York, NY 10016
Phone number: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com
