The Rosen Law Firm has initiated the action following claims that the defendants engaged in a pattern of placing and subsequently cancelling buy or sell orders. These "baiting orders" were allegedly designed to create a false appearance of supply and demand, misleading market participants and unfairly influencing the volatility of Genius Group stock. By inflating the bid-ask spread, the defendants reportedly profited at the expense of ordinary investors.

Those who held Genius securities during the specified period have until August 28, 2026, to file a motion with the court to serve as a lead plaintiff. While the lawsuit is currently underway, no class has been formally certified, meaning investors retain the right to select their own counsel or remain absent class members. Participation in any future financial recovery does not strictly require an investor to act as a lead representative.