The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of investors who purchased Genius Brands International, Inc (NASDAQ: GNUS) securities between March 17, 2020 and July 5, 2020.
According to the Genius Brands lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose material information regarding: (i) Nickelodeon’s purported broadcast expansion of Genius’s Rainbow Rangers cartoon; (ii) subscription fees for the Kartoon Channel!; and (iii) the Company’s growth potential and overall prospects as a company.
If you suffered a loss in Genius Brands you have until October 19, 2020 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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