Core Viewpoint - A class action has been initiated against Kaspi.kz, alleging undisclosed risks and misleading statements regarding the company's operations during the specified class period [3]. Group 1: Class Action Details - The class action represents investors who purchased securities between January 19, 2024, and September 19, 2024, with a deadline of February 18, 2025, to file a lead plaintiff motion [1]. - Investors are encouraged to contact the Portnoy Law Firm for a complimentary case evaluation and to discuss their legal rights [2]. Group 2: Allegations Against Kaspi.kz - The complaint alleges that Kaspi continued business with Russian entities and provided services to Russian citizens post the 2022 invasion of Ukraine, exposing the company to undisclosed sanction risks [3]. - It is claimed that the company engaged in undisclosed related party transactions and that certain executives had ties to reputed criminals [3]. - The positive statements made by the defendants regarding the company's business and prospects were allegedly materially misleading and lacked a reasonable basis [3].
Kaspi.kz Investors: Please contact the Portnoy Law Firm to recover your losses. February 18, 2025 Deadline to file Lead Plaintiff Motion.