Genius Group Updates on Legal Challenges and Future Directions
Genius Group Announces Legal Updates and Future Steps
SINGAPORE — Genius Group Limited (NYSE American: GNS), a frontrunner in AI-driven education, is gearing up for an interactive Live Spaces call scheduled for August 26, 2025, where they will discuss legal matters concerning market manipulation lawsuits and a RICO lawsuit.
The call will feature CEO Roger James Hamilton alongside the Company’s litigation attorneys, James Wes Christian and Mark R Basile Esq. The session will be hosted by Board Advisor, Kevin Malone, ensuring a comprehensive overview of legal strategies and developments.
Arbitration and Preliminary Injunction Developments
In terms of the arbitration concerning the Asset Purchase Agreement with LZG International (LZGI), interesting developments have unfolded:
- Recently, a Florida court ruled in favor of LZGI shareholders, declaring that two directors engaged in fraudulent conduct, leading to their removal from executive positions.
- Following these substantial findings, LZGI's attorney withdrew from the arbitration case, indicating a conflict of interest. This withdrawal has left LZGI without current representation.
- Despite these challenges and changes in representation, Genius Group remains dedicated to pursuing a favorable outcome through expedited arbitration.
RICO Case Progress
The RICO case filed against Moe, Ritz, Clayton, and Carter, aims for triple damages exceeding $750 million. Recent actions include:
- After initial difficulties in serving defendants due to evasion, the Company successfully served all defendants, including Ritz, who was served just days ago. Moe is required to respond to the claims by September 1, 2025.
- Attorney efforts are highly focused on maintaining momentum for this case despite the complexities faced during the serving process.
Focus on Market Manipulation Case
As part of their legal strategy, the Company plans to initiate a lawsuit against alleged market manipulation soon, with details expected to be shared during the upcoming call. Mr. Christian will address this aspect, providing clarity on the legal position and its significance.
Future Plans and Perspectives
In relation to future proceedings, Genius Group announced a distribution plan for any potential legal victories. Under this plan, net proceeds will be divided equally; half will benefit shareholders, while the other half will contribute to the Company’s Bitcoin Treasury.
Genius Group's CEO expressed optimism about ongoing legal developments, noting the potential positive outcomes and the opportunity to engage with investors during the call.
About Genius Group
Genius Group (NYSE: GNS) prioritizes a Bitcoin-first approach, delivering AI-enhanced educational solutions aimed at preparing for future work dynamics. They cater to 5.8 million users across 100 countries through their innovative Genius City model and their comprehensive online marketplace offering AI training and solutions.
For more insights into the Genius Group, one can visit their official website, providing a glimpse into their forward-thinking education initiatives and community engagement.
Frequently Asked Questions
What is the focus of the upcoming Live Spaces call?
The call will discuss ongoing lawsuits related to market manipulation and RICO, providing insights into the current legal strategies of Genius Group.
Who will be participating in the Live Spaces call?
CEO Roger James Hamilton, along with key attorneys James Wes Christian and Mark R Basile Esq, will be present to share their insights and answer questions.
What is the status of the arbitration case with LZGI?
The arbitration case is proceeding despite recent developments, including the withdrawal of LZGI's attorney. Genius Group is committed to seeing it through.
How much is the Company seeking in the RICO case?
Genius Group is seeking triple damages exceeding $750 million as part of their RICO case.
What is the Company’s approach to future legal victories?
The Company has a distribution plan that allocates net proceeds equally between shareholder benefits and enhancing their Bitcoin Treasury.
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