MIAMI, Oct. 25,
2024 /PRNewswire/ -- AXS LAW Group PLLC
announces that it has filed a class action lawsuit in
the United States District Court
for the Southern District of New
York on behalf of persons and entities that purchased or
acquired the securities of the Genius Group Limited ("GNS") (NYSE:
GNS), as a result of the Merger between GNS and LZG International
Inc. ("LZGI") (OTC: LZGI), between December 1, 2023 to September 25, 2024, inclusive (the "Class
Period").
The case is captioned Carey et al v. Moe et
al, Case No. 24-cv-07551-MKV, pending in the United States District Court for the
Southern District of New
York.
The complaint alleges that GNS, LZGI, and their senior
officers and directors, including Michael
Moe, Peter B. Ritz, and
Roger Hamilton, violated federal
securities laws by issuing materially false and misleading
statements and engaging in a fraudulent scheme in connection with
the GNS-LZGI merger. The lawsuit seeks to recover damages for
shareholders under Sections 10(b) and 20(a) of the Securities
Exchange Act of 1934 and Rule 10b-5.
Investors who purchased or acquired GNS securities during
the Class Period have until 60 days from the date of this
notice to move the court to be appointed as the lead
plaintiff.
For more information about the lawsuit and your rights as
a class member, or to join this action, please contact AXS LAW at
305.297.1878 or by email to shareholders@axslawgroup.com, or visit
AXS LAW's website at www.axslawgroup.com.
This notice is published pursuant to the Private
Securities Litigation Reform Act.
About AXS LAW GROUP
With offices in Miami, Los
Angeles and Washington DC,
AXS LAW is dedicated to providing practical and comprehensive
solutions to complex matters. After decades at Big Law, we created
AXS LAW with a view to disrupting the traditional law model to
better address the needs of the modern business law consumer.
We do this first and foremost by bringing our own expertise as
entrepreneurs. Our attorneys are encouraged to pursue
entrepreneurship and this, in turn, gives us the perspective and
"guts" to help our clients navigate, not avoid, risk. And, unlike
most law firms, we have personality. We are not tethered to
our chairs and desks; we are out there continually forging new and
strengthening existing relationships in the business and wider
community. Our clients enjoy working with us! For more
information, please visit www.axslawgroup.com.
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