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Genius Group Advances RICO Lawsuit with Amended Complaint

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Genius Group Advances RICO Lawsuit with Amended Complaint

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The latest announcement is out from Genius Group Limited ( (GNS) ).

On May 21, 2025, Genius Group Limited announced an update to its ongoing RICO lawsuit, where it has filed an amended complaint against several defendants, including Peter Ritz and Michael Moe, seeking over $750 million in damages. The lawsuit accuses the defendants of defrauding the company and causing significant financial harm. A recent ruling by the United States Court of Appeals for the Second Circuit favored Genius Group, allowing it to resume normal operations, including fundraising and Bitcoin purchases. The company is now focused on restructuring and recovering from the damages incurred, while also cooperating with LZGI shareholders in related legal actions. Additionally, Genius Group successfully recovered its CEO’s hacked X account on May 20, 2025, and is investigating potential links between this incident and its legal proceedings.

Spark’s Take on GNS Stock

According to Spark, TipRanks’ AI Analyst, GNS is a Neutral.

Genius Group Limited is currently facing severe financial challenges, with significant issues in revenue and cash flow. The technical analysis suggests some short-term positive movement, but long-term indicators remain weak. Valuation is problematic due to negative earnings and lack of dividends. The overall stock score reflects these substantial financial obstacles and the pressing need for operational improvements.

To see Spark’s full report on GNS stock, click here.

More about Genius Group Limited

Genius Group Limited is a Bitcoin-first business that offers AI-powered education and acceleration solutions aimed at preparing individuals and organizations for the future of work. The company serves 5.8 million users across more than 100 countries through its Genius City model and an online digital marketplace that provides AI training, tools, and talent. It focuses on creating personalized, entrepreneurial AI pathways that integrate human talent with AI skills and solutions at various levels, including individual, enterprise, and government.

Average Trading Volume: 2,065,104

Technical Sentiment Signal: Sell

Current Market Cap: $27.18M

For detailed information about GNS stock, go to TipRanks’ Stock Analysis page.

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