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Genius Brands International, Inc.

Case Summary

Genius Brands International, Inc. Securities Litigation

Case Summary

Case Status:    ONGOING    
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.

COMPANY INFORMATION:

Sector: Services
Industry: Communications Services
Headquarters: United States

SECURITIES INFORMATION:

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.

COURT: C.D. California
DOCKET #: 20-CV-07457
JUDGE: Hon. Dean D. Pregerson
DATE FILED: 08/18/2020
CLASS PERIOD START: 03/17/2020
CLASS PERIOD END: 07/05/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Scott & Scott LLP (San Diego)
First Identified Complaint (FIC) Filings:
No Document Title Filing Date
1 Class Action Complaint for Violations of the Federal Securities Laws 08/18/2020
2 U.S. District Court Civil Docket 08/18/2020

Reference Complaint

—Reference Complaint Complaint Related Data is not available

Related District Court Filings

—Related District Court Filings Data is not available
 
 

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