Genius Group Limited Sued for Securities Law Violations
DJS Law Group reminds investors of a class action lawsuit filed against Genius Group Limited for alleged violations of securities laws. The suit claims the company violated §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5.
DJS Law Group has notified investors of a class action lawsuit filed against Genius Group Limited (NYSE American: GNS). The suit centers on allegations of violations of federal securities laws, specifically §§10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5.
The lawsuit claims that Genius Group made false and misleading statements about its business and failed to disclose material information. The class action seeks to represent investors who allegedly suffered financial losses as a result of trading Genius Group stock while the purported violations were ongoing.
Investors who purchased Genius Group securities and believe they may have incurred losses are encouraged to contact DJS Law Group. The firm is investigating the claims and seeking to discuss potential rights and remedies with affected parties.
Genius Group Limited has not yet issued a public statement regarding the lawsuit. Further details about the case are expected to be made available through the court filings.