AXS LAW Group PLLC Class Action Overview
AXS LAW Group PLLC has officially taken a stand for investors of LZG International Inc. (LZGI), filing a class action lawsuit in the Southern District Court of New York. This legal action specifically targets those who acquired shares during the merger period of LZG International and Genius Group Limited (GNS), aiming to address allegations of misleading information provided during the merger proceedings.
Details of the Lawsuit
The lawsuit, titled Carey et al v. Moe et al, involves accusations against Genius Group and LZG International, including their top executives. Among those named in this case are Michael Moe, Peter B. Ritz, and Roger Hamilton, who are alleged to have breached federal securities laws through the dissemination of false and misleading statements about the merger's implications and outcomes.
The Class Period Defined
The period under scrutiny for this lawsuit spans from December 1, 2023, to September 25, 2024, and any investor who purchased or otherwise acquired Genius Group securities during this time is encouraged to join the action.
Implications for Shareholders
Shareholders actively participating in this lawsuit could potentially recover damages rooted in violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as well as Rule 10b-5. This is a significant opportunity for those affected to seek justice and accountability from the companies involved.
How to Participate
For interested investors, it is crucial to note that the deadline to move the court for lead plaintiff status is 60 days from the notice date. This is a fundamental step for active participants in the law's proceedings.
About AXS LAW Group PLLC
AXS LAW Group PLLC is dedicated to providing comprehensive legal solutions. With offices located in several major cities, the firm offers a unique approach to law that emphasizes both expertise and personable connections. AXS LAW’s team is composed of professionals with entrepreneurial experience, which shapes their legal strategies and client interactions.
Contact Information
For more details regarding the lawsuit or to join the action, investors should contact AXS LAW at 305-297-1878 or reach out via email. They can also visit AXS LAW's official website for comprehensive information about their services and ongoing legal support.
Frequently Asked Questions
What is the purpose of the class action lawsuit?
The lawsuit aims to hold LZG International Inc. and Genius Group Limited accountable for providing misleading information that affected their investors.
Who can join the class action?
Investors who purchased or acquired securities of Genius Group within the defined class period are eligible to join the class action.
What are the legal grounds for the lawsuit?
The lawsuit cites violations of federal securities laws, specifically regarding false and misleading statements during the merger process.
How can investors get involved?
Investors must file a motion to be appointed as the lead plaintiff within 60 days of the notice date to get actively involved.
What should investors do for more information?
Investors can reach out to AXS LAW Group for further details and instructions on how to participate in the lawsuit.