#United States #New York #Class Action #Pomerantz Law #Genius Group

Investor Alert: Genius Group Limited Class Action Lawsuit

The Pomerantz Law Firm has officially notified investors of Genius Group Limited regarding a class action lawsuit that has emerged due to allegations of securities fraud. This legal action targets certain practices allegedly conducted by Citadel Securities LLC and Virtu Americas LLC, two significant players in the trading arena. Investors who suffered losses are urged to take action before the looming deadline on August 28, 2026, to be considered for lead plaintiff status.

Background of the Allegations

The class action claims that the defendants participated in unlawful trading practices that manipulated the market for Genius Group's securities. Specifically, they are accused of engaging in a technique known as “spoofing.” This tactic consists of placing buy or sell orders that they had no intention of executing. The intent behind this was to mislead other market participants regarding the actual supply, demand, and price volatility of Genius stocks.

Such actions are said to have inflated transaction costs for other investors by widening the bid-ask spread, ultimately harming those who invested in Genius securities. According to the allegations, the defendants created the illusion of a vibrant trading environment, enticing other investors while benefiting their own trading positions.

Noteworthy Trading Activities

The complaint also outlines a troubling correlation between significant drops in Genius's stock price and the instances of spoofing. For instance, during the week of February 10, 2025, there was a noticeable spike in spoofing activities by the defendants, coinciding with sharp declines in the stock price. Citadel alone traded over 23 million shares off-exchange, making up nearly half the total off-exchange trading volume during that period.

In contrast, Virtu accounted for nearly 20% with its trading activities. This manipulation resulted in a staggering increase in short-selling volume, which surged from 53% to more than 61%, causing a significant 22% drop in the stock’s price without any accompanying significant news from the company.

What Investors Should Do

Investors who purchased Genius securities during the identified class action period should consider their options carefully. It is critical to act before the August 28, 2026, deadline to ensure that they are eligible to serve as lead plaintiffs. Interested parties can obtain a copy of the complaint and explore their rights by visiting Pomerantz Law Firm's website.

For those seeking more information or to express their interest in joining the class action, contacting attorney Danielle Peyton at Pomerantz is advised. She can be reached via email or telephone, with her details readily available to facilitate further inquiries.

About Pomerantz LLP

Pomerantz LLP has a rich history in the field of corporate and securities law. With offices in key global cities including New York, Chicago, and Los Angeles, the firm is recognized for its dedication to representing the rights of victims of corporate misconduct. Founded over 85 years ago, Pomerantz continues to champion the interests of investors, often recovering significant settlements for class action members. The firm remains a stalwart in holding companies accountable for securities fraud and other wrongful acts.

This latest class action underscores the firm’s commitment to ensuring that investors are aware of their rights and the remedies available to them in the event of corporate misdeeds. As the legal proceedings unfold, it’s paramount for investors affected by these alleged actions to stay informed and proactive.