Rosen Law Firm urges Genius Group investors to seek counsel before August 28 deadline in spoofing class action

Regulation
โดย GlobeNewswire·Read original
Summary · why it matters

Rosen Law Firm reminds purchasers or sellers of Genius Group Limited securities between April 12, 2022 and May 30, 2025 of the August 28, 2026 lead plaintiff deadline in a securities class action against Citadel Securities LLC and Virtu Americas LLC. The lawsuit alleges that throughout the class period, defendants engaged in a manipulative and illegal trading practice known as 'spoofing,' which involves submitting and then cancelling buy or sell orders without any genuine intent to execute them, in order to mislead other market participants about supply and demand for Genius securities and to benefit defendants' own trading positions. Investors who purchased or sold Genius securities during the class period may be entitled to compensation through a contingency fee arrangement, and those wishing to serve as lead plaintiff must move the Court no later than August 28, 2026. Rosen Law Firm highlights its track record in securities class actions, including achieving the largest ever settlement against a Chinese company and recovering billions of dollars for investors.

Impact on stocks 2

Consumer Discretionary▼ · 1 stocks
Genius Group Ltd
GNS
▼ NegativeRegulationrelevance

Genius Group is the subject of a securities class action lawsuit alleging spoofing, which could lead to financial liability and reputational damage.

Financials▼ · 1 stocks
Virtu Financial, Inc.
VIRT
▼ NegativeRegulationrelevance

Virtu Americas LLC is a defendant in the spoofing class action, facing potential legal penalties and reputational harm.

Off-coverage companies 1

Citadel Securities LLCPrivate▼ Negative
Regulationrelevance

Citadel Securities LLC is a defendant in the spoofing class action, facing potential legal penalties and reputational harm.

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