Genius Group Investors file Class Action Lawsuit against Citadel Securities and Virtu Americas for Alleged Market Manipulation.
SINGAPORE, June 30, 2026 (GLOBE NEWSWIRE) -- Genius Group Limited (NYSE American: GNS) ("Genius Group", "GNS" or the "Company"), a leading AI-powered education group, has been notified that a class action lawsuit has been filed by its investors against Citadel Securities LLC and Virtu Americas LLC in the United States District Court Southern District of Florida.
The complaint (Case No 1:26-cv-24485-XXXX), filed on June 29, 2026, is a class action lawsuit with Aron Reynolds named as Lead Plaintiff, individually and on behalf of all others similarly situated, vs Citadel Securities LLC and Virtu Americas LLC.
The complaint alleges that Citadel Securities LLC, and Virtu Americas LLC (the "Defendants") engaged in a long-running market manipulation scheme that includes spoofing and naked short selling of the Company’s shares and related acts in violation of Section 10(b), Sections 9(a)(2) and 9(e) and Section 20(a) of the Securities Exchange Act of 1934.
A separate Class Action Complaint in the United States District Court for the Southern District of New York against the same Defendants in which the Company was named as Lead Plaintiff (Case No.1.25-cv-09546-VEC) has been voluntarily dismissed.
The Company has notified the law firms leading the Florida class action that it intends to join the class action as a plaintiff class member. The Company has previously announced that its legal team and experts have identified over $250 million in damages to the company caused by alleged market manipulation.
The Company and its legal team will continue to provide updates to its shareholders on this case as appropriate.
About Genius Group
Genius Group (NYSE: GNS) is a global education group delivering AI powered, education and acceleration solutions for the future of work. Genius Group serves 6 million users in over 100 countries through its Genius City model and online digital marketplace of AI training, AI tools and AI talent. It provides personalized, entrepreneurial AI pathways combining human talent with AI skills and AI solutions at the individual, enterprise and government level. To learn more, please visit geniusgroup.ai
Forward-Looking Statements
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