Levi & Korsinsky, LLP announces that a GNUS class action lawsuit has been filed on behalf of investors who purchased Genius Brands International, Inc (GNUS) securities between March 17, 2020 and July 5, 2020. For more on the GNUS Lawsuit please contact us today.
According to the Genius Brands International, Inc lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that:
According to the Genius Brands lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose material information regarding: (i) Nickelodeon’s purported broadcast expansion of Genius’s Rainbow Rangers cartoon; (ii) subscription fees for the Kartoon Channel!; and (iii) the Company’s growth potential and overall prospects as a company. While the share price of Genius stock was artificially inflated due to these misstatements, Genius registered for sale tens of millions of shares, allowing certain longtime investors to cash out at the expense of Plaintiff and the Class.
If you suffered a loss in Genius Brands International, Inc you have until October 19, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.