-

Shareholder Alert: Robbins LLP Announces Genius Brands International Inc. (GNUS) Accused of Misleading Shareholders

SAN DIEGO & BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Shareholder rights law firm Robbins LLP announces that a purchaser of Genius Brands International Inc. (NASDAQ: GNUS) filed a class action complaint for alleged violations of the Securities Exchange Act of 1934 between March 17, 2020 and July 5, 2020. Genius is a multimedia company that licenses entertainment content for children.

If you have suffered a loss due to Genius Brands International Inc.'s misconduct, click here.

Genius Brands International Inc. (GNUS) Accused of Engaging in Pump-and-Dump Scheme

According to the complaint, Genius engaged in a marketing campaign to mislead shareholders and artificially inflate stock prices. Beginning on March 24, 2020, Genius made a series of direct offerings to "long-standing shareholders," selling millions of shares well below current market value. During this same time, Genius engaged in a pattern of deceptive hype, touting the launch of its new "free" educational platform, the "Kartoon Chanel!" app, which it unwarrantedly but favorably compared to Netflix, Disney, and Marvel. On June 4, 2020, Hindenburg Research questioned the valuation of Genius and highlighted inaccurate public statements made by the Company. Then, on June 16, 2020, Genius announced its unremarkable programming line-up for its app. Genius's stock precipitously declined on these disclosures. Finally, on July 6, 2020, Genius announced a new joint venture regarding intellectual property created by Stan Lee, underwhelming shareholders by again offering little substance to back Company claims. On this news, the share price dropped from $3.55 at close the previous day to just $2.66 at close on July 6, 2020, and continues to decline. Genius's kid-friendly app was disguised as a pump-and-dump scheme, enriching Company executives and long-term investors while harming unsuspecting shareholders.

If you purchased Genius Brands International Inc. (GNUS) securities between March 17, 2020 and July 5, 2020, you have until October 19, 2020, to ask the court to be appointed lead plaintiff for the class.

Contact us to learn more:
Lauren Levi
(800) 350-6003
lllevi@robbinsllp.com
Shareholder Information Form

Robbins LLP is a nationally recognized leader in shareholder rights law. To be notified if a class action against Genius settles or to receive free alerts about companies engaged in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contacts

Lauren Levi
Robbins LLP
5040 Shoreham Place
San Diego, CA 92122
llevi@robbinsllp.com
(800) 350-6003
www.robbinsllp.com

Industry:

Robbins LLP

NASDAQ:GNUS
Release Versions
English
$Cashtags
$GNUS
Hashtags
#ClassAction
#Finance
#Investment
#Investor
#Lawsuit
#Securities
#Shareholder
#Shareholderrights
#StockAlert
#StockMarketData
#StockNews
#StockTrading
#Stocks
#Trader
#shareholderrightslawfirm

Contacts

Lauren Levi
Robbins LLP
5040 Shoreham Place
San Diego, CA 92122
llevi@robbinsllp.com
(800) 350-6003
www.robbinsllp.com

More News From Robbins LLP

ZSPC Stockholders Have Rights – If You Lost Money Investing in zSpace, Inc. Contact Robbins LLP for Information About Recovering Your Losses

SAN DIEGO--(BUSINESS WIRE)--Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired zSpace, Inc. (NASDAQ: ZSPC) securities pursuant and/or traceable to the Registration Statement and Prospectus issued in connection with the Company's December 2024 initial public offering ("IPO"). zSpace purports to be a leading provider of augmented reality (AR) and virtual reality (VR) educational technology solutions. For more information,...

Investor Notice: Robbins LLP Informs Investors of the Graphic Packaging Holding Company Class Action

SAN DIEGO--(BUSINESS WIRE)--Robbins LLP informs stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Graphic Packaging Holding Company (NYSE: GPK) common stock between February 4, 2025 and February 2, 2026. Graphic Packaging, together with its subsidiaries, designs, produces, and sells consumer packaging products. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbin...

Babcock & Wilcox Enterprises, Inc. Class Action Reminder - Robbins LLP Encourages BW Investors to Contact the Firm for Information About Their Rights

SAN DIEGO--(BUSINESS WIRE)--Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Babcock & Wilcox Enterprises, Inc. (NYSE: BW) securities between November 5, 2025 and March 11, 2026. Babcock & Wilcox provides energy and emissions control solutions to industrial, electrical utility, municipal, and other customers in the U.S., Canada, the U.K., Indonesia, and the Philippines.For more information, submit a form, email...
Back to Newsroom