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KSPI Deadline: KSPI Investors Have Opportunity to Lead Joint Stock Company Kaspi.kz Securities Fraud Lawsuit Filed by The Rosen Law Firm
Prnewswire· 2025-02-14 18:32
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Joint Stock Company Kaspi.kz during the specified Class Period of the upcoming lead plaintiff deadline for a securities class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased Kaspi.kz securities between January 19, 2024, and September 19, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by February 18, 2025 [3]. - The lawsuit claims that Kaspi.kz made materially false and misleading statements regarding its business operations, including undisclosed risks related to sanctions due to its dealings with Russian entities post-Ukraine invasion [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4]. - The founding partner, Laurence Rosen, was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, highlighting the firm's expertise in this area [4].
KSPI DEADLINE: ROSEN, THE FIRST FILING FIRM, Encourages Joint Stock Company Kaspi.kz Investors to Secure Counsel Before Important February 18 Deadline in Securities Class Action First Filed by the Firm – KSPI
GlobeNewswire News Room· 2025-02-11 16:40
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Joint Stock Company Kaspi.kz during the specified Class Period of the upcoming lead plaintiff deadline for a securities class action lawsuit [1][2]. Group 1: Class Action Details - Investors who purchased Kaspi.kz securities between January 19, 2024, and September 19, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by February 18, 2025 [3][5]. - The lawsuit alleges that Kaspi.kz made materially false and misleading statements regarding its business operations, including undisclosed risks related to sanctions due to its dealings with Russian entities post-Ukraine invasion [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest settlement against a Chinese company at the time and being ranked No. 1 for securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4]. - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, highlighting the firm's expertise and recognition in the field [4].
KSPI Deadline: KSPI Investors with Losses in Excess of $100K Have Opportunity to Lead Joint Stock Company Kaspi.kz Securities Fraud Lawsuit Filed by The Rosen Law Firm
Prnewswire· 2025-02-09 18:54
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Joint Stock Company Kaspi.kz during the specified Class Period of the upcoming lead plaintiff deadline for a securities class action lawsuit [1][5]. Group 1: Class Action Details - Investors who purchased Kaspi.kz securities between January 19, 2024, and September 19, 2024, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and those wishing to serve as lead plaintiff must act by February 18, 2025 [3][5]. - The lawsuit alleges that Kaspi.kz made materially false and misleading statements regarding its business operations, including undisclosed risks related to sanctions due to its dealings with Russian entities post-Ukraine invasion [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time and being ranked No. 1 for the number of settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, securing over $438 million in 2019 alone [4]. - Founding partner Laurence Rosen has been recognized as a Titan of Plaintiffs' Bar by Law360, and many attorneys at the firm have received accolades from Lawdragon and Super Lawyers [4].
Levi & Korsinsky Notifies Shareholders of Joint Stock Company Kaspi.kz(KSPI) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2025-02-07 10:45
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].
Investors who lost money on Joint Stock Company Kaspi.kz(KSPI) should contact The Gross Law Firm about pending Class Action - KSPI
Prnewswire· 2025-02-03 10:45
NEW YORK, Feb. 3, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Joint Stock Company Kaspi.kz (NASDAQ: KSPI).Shareholders who purchased shares of KSPI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/joint-stock-company-kaspi-kz-loss-submission-form/?id=126268&from=4CLASS PERI ...
Contact The Gross Law Firm by February 18, 2025 Deadline to Join Class Action Against Joint Stock Company Kaspi.kz(KSPI)
Prnewswire· 2025-01-30 10:45
NEW YORK, Jan. 30, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Joint Stock Company Kaspi.kz (NASDAQ: KSPI).Shareholders who purchased shares of KSPI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/joint-stock-company-kaspi-kz-loss-submission-form/?id=125748&from=4CLASS PER ...
Kaspi.kz Completes Acquisition of Controlling Interest in Hepsiburada
GlobeNewswire· 2025-01-29 09:36
Transaction Details - Kaspi kz completed the acquisition of 40 000 000 Class A and 173 246 220 Class B shares of Hepsiburada representing 65 41% of the total outstanding share capital of Hepsiburada [1][7] - The total consideration for the shares was approximately $1 127 million with $600 million paid in cash on the Closing Date and $526 9 million of Deferred Cash Consideration to be paid within six months [7] - Kaspi kz pledged 65 199 658 Class B shares of Hepsiburada as collateral for the Deferred Cash Consideration [7] Strategic Rationale - The acquisition expands Kaspi kz's addressable market to 100 million people aligning with its strategic priority [2] - The combined knowledge and technology of Kaspi kz and Hepsiburada will drive fast and sustainable bottom-line growth [3] - The partnership aims to advance ecommerce and digital services in Türkiye and Kazakhstan benefiting SMEs and entrepreneurs in both countries [4] Management Commentary - Mikheil Lomtadze CEO of Kaspi kz emphasized the focus on profitable growth and leveraging combined expertise for future success [3] - Hanzade Doğan Founder of Hepsiburada highlighted the alignment with Kaspi kz's mission of sustainable growth and value creation [5] Company Overview - Kaspi kz operates a unique two-sided Super App model with 14 million MAU in 2023 and 581 thousand merchant partners [8][9] - The company's Super Apps provide access to Payments Marketplace and Fintech Platforms designed to meet everyday needs [10] - Kaspi kz's business model combines a highly engaged user base best-in-class digital products and a capex lite approach resulting in strong top-line growth and profitability [11]
Kaspi.kz to Announce 4th Quarter and Full Year 2024 Financial Results on 24th February
Newsfilter· 2025-01-27 08:49
ALMATY, Kazakhstan, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Kaspi.kz (KSPI US) will report its financial results for the quarter and year ended December 31, 2024, on Monday, 24th February, 2025. On that day, management will hold a conference call and webcast at 8.00am EST (1pm GMT, 6.00pm Astana time) to review and discuss the company's results for the period. 4th Quarter & FY 2024 Financial Results Conference Call Monday, 24th February, 2025 To pre-register for this call, please go to the following link: https: ...
Class Action Filed Against Joint Stock Company Kaspi.kz (KSPI) Seeking Recovery for Investors - Contact Levi & Korsinsky
Prnewswire· 2025-01-24 10:45
NEW YORK, Jan. 24, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Joint Stock Company Kaspi.kz ("Joint Stock Company Kaspi.kz" or the "Company") (NASDAQ: KSPI) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Joint Stock Company Kaspi.kz investors who were adversely affected by alleged securities fraud between January 19, 2024 and September 19, 2024. Follow the link below to get more information and be contacted by a member of our team ...
Class Action Filed Against Joint Stock Company Kaspi.kz (KSPI) Seeking Recovery for Investors - Contact The Gross Law Firm
Prnewswire· 2025-01-23 10:45
NEW YORK, Jan. 23, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Joint Stock Company Kaspi.kz (NASDAQ: KSPI).Shareholders who purchased shares of KSPI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/joint-stock-company-kaspi-kz-loss-submission-form/?id=124342&from=4 CLASS PE ...