Levi & Korskinsky to Represent Kaspi.Kz Investors

On March 25, 2025, the Hon. R. Gary Klausner of the U.S. District Court, Central District of California appointed Wayne Kilthau lead plaintiff in a securities class-action against Kaspi.Kz.  Judge Klausner appointed Levi & Korsinsky lead counsel in the case, finding "Levi & Korsinsky has extensive experience prosecuting complex securities class actions." 

Plaintiffs allege Kaspi.Kz made false and misleading statements about its business, including its compliance with international economic trade sanctions against Russia.  These statements allegedly artificially inflated Kaspi.Kz's stock price.  In September 2024, a Culper Research report revealed these statements were false and misleading, causing Kaspi.Kz's stock price to decline dramatically. 

The case is captioned Dmitry Krivenok v. Kaspi.kz, et al, 2:24-cv-10926.  A copy of the order can be found here.