NEW YORK, NY - 
(NewMediaWire) - September 20, 2024 -- Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against Joint Stock Company Kaspi.kz (“Kaspi” or the “Company”) (NASDAQ: KSPI).
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On September 19, 2024, Culper Research published a report entitled, “Kaspi.kz (KSPI): The NASDAQ-Listed Fintech Moving Money for Criminals and Kleptocrats” (the “Culper Report”). The Culper Report alleges that the Company “has systematically misled U.S. investors and regulators in its repeated claims – especially ahead of the company’s January 2024 NASDAQ listing – that the company has zero exposure to Russia.” The Culper Report further alleges that its research found the “Company’s vast, longstanding ties to bad actors including sanctioned oligarchs and Russian mobsters.”
Following this news, Kaspi stock price fell $19.20 per share, over 16%, to close at $99.81 per share on September 19, 2024.
WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.
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If you have any questions about this investigation, please contact:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
