Lawsuit Filed Against Genius Group Limited; Investors May Recover Losses
A class action lawsuit has been filed against Genius Group Limited alleging violations of securities laws. Investors who suffered losses may be eligible to participate in the lawsuit.
The Schall Law Firm, a national shareholder rights litigation firm, has announced a class action lawsuit against Genius Group Limited (NYSE American: GNS). The lawsuit alleges that the company violated federal securities laws.
According to the complaint, Genius Group Limited made materially false and misleading statements to investors regarding its business and prospects. This alleged misconduct may have harmed investors who purchased or sold the company's securities during the class period.
The Schall Law Firm is encouraging investors who have suffered losses to contact the firm to learn more about their rights and to potentially serve as lead plaintiff. A deadline has been set for interested parties to file their claims.
An investigation into the veracity of the claims is ongoing. The company has not yet issued a public statement regarding the lawsuit.