Genius Brands International, Inc. Securities Litigation
On or around 12/16/2020 (Date of last review)
Filing Date: August 18, 2020
According to the Complaint, Genius Brands International, Inc. is a multimedia company that licenses entertainment content for children.
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements 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. The Complaint further alleges that 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.
On December 2, 2020, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel.
Company & Securities Information
Defendant: Genius Brands International, Inc.
Industry: Communications Services
Headquarters: United States
Ticker Symbol: GNUS
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Salvador Verdin, et al. v. Genius Brands International, Inc., et al.