Investors May Lead Genius Group Securities Fraud Lawsuit

Rosen Law Firm, an international investor rights law firm, has announced that investors who bought or sold securities of Genius Group Limited (NYSE American: GNS) between April 12, 2022, and May 30, 2025, have an opportunity to participate in a class action lawsuit. The deadline to serve as lead plaintiff in the case is August 28, 2026.

The lawsuit alleges that defendants engaged in a manipulative trading practice known as "spoofing." This involves placing and then canceling buy or sell orders without a genuine intent to execute them. According to the complaint, these "baiting orders" were used to mislead other market participants about the true supply and demand for Genius securities and the stock's price volatility.

Prosecutors claim that this alleged manipulation was intended to influence the market price of Genius stock to benefit the defendants' trading positions. The suit also contends that the practice inflated the bid-ask spread for Genius stock, thereby increasing investors' transaction costs. Defendants allegedly placed thousands of such orders on U.S. stock exchanges to create a false impression of genuine market dynamics.

Rosen Law Firm states that individuals who purchased or sold Genius securities during the class period may be entitled to compensation without out-of-pocket fees. The firm encourages potential class members to contact them for information on how to join the action. A lead plaintiff is a representative party who directs the litigation on behalf of other class members. The firm also advises investors to choose counsel with a proven track record in securities class actions.