The DJS Law Group is spearheading the litigation, citing violations of sections 10(b) and 20(a) of the Securities Exchange Act of 1934. According to the court filing, internal actors at Genius engaged in deceptive trading practices to mislead the public about the company’s true market activity. Shareholders have until August 28, 2026, to seek lead plaintiff status, though participating in a potential recovery does not strictly require that appointment.

The firm, led by David J. Schwartz, specializes in securities litigation and represents institutional clients including hedge funds and alternative asset managers. Those who suffered financial losses during the specified class period are encouraged to reach out to the Eastchester-based office to discuss legal options.