Genius Group Faces Class Action Over Alleged Spoofing Scheme
Investors who held Genius Group Limited shares between April 12, 2022, and May 30, 2025, are being urged to join a class action lawsuit. The litigation targets the NYSE-listed firm for alleged violations of the Securities Exchange Act, specifically concerning deceptive market practices that misled shareholders regarding the company's true activity.
The complaint alleges that Genius Group insiders orchestrated a spoofing scheme designed to manufacture a false appearance of market demand for its securities. By creating this artificial trading environment, the company allegedly issued materially misleading public statements throughout the designated class period. These actions form the basis for claims under sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5.
The DJS Law Group is currently organizing the litigation and seeking potential lead plaintiffs. Shareholders interested in participating must act by the August 28, 2026, deadline to seek recovery for losses sustained during the period. While serving as a lead plaintiff is an option, it is not a prerequisite for investors to be eligible for potential compensation.
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