Multiple law firms, including Bronstein, Gewirtz & Grossman, LLC and Pomerantz LLP, filed a class-action lawsuit against Genius Group Limited. The complaint alleges the company and its officers engaged in illegal market "spoofing" between April 12, 2022, and May 30, 2025.
Defendants allegedly placed and canceled buy and sell orders without intent to execute them. This practice created a false impression of market activity to artificially influence the stock price for their own benefit.
The scheme reportedly increased transaction costs for investors by widening the bid-ask spread. Affected investors may join the case to recover financial losses. The deadline to seek appointment as lead plaintiff is August 28, 2026.