According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that:
- Kaspi.kz continued doing business with Russian entities, and also providing services to Russian citizens, after Russia’s 2022 invasion of Ukraine, thereby exposing Kaspi.kz to the undisclosed risk of sanctions;
- Kaspi.kz engaged in undisclosed related party transactions;
- certain of Kaspi.kz’s executives have links to reputed criminals; and
- 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.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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