Genius Group schedules legal update call amid ongoing litigation

Genius Group Limited (NYSE American: GNS) announced it will host a live call on X.com at 9:00 a.m. Eastern Time on August 26, 2025, to provide updates on its ongoing legal cases and answer questions from stakeholders.

The call will include CEO Roger James Hamilton and litigation attorneys James Wes Christian and Mark R. Basile, with Board Advisor Kevin Malone serving as host.

In its arbitration case with LZG International, Genius Group seeks rescission of its 2024 Asset Purchase Agreement and return of 7.4 million GNS shares plus $6.6 million in funds. Recent developments include the withdrawal of LZGI's attorney Christopher Serbagi due to conflicts of interest between individual defendants and the company. A Florida court previously granted default judgment against LZGI directors Michael Moe and Peter Ritz, ordering their removal from executive positions for fraudulent conduct.

The company's RICO case in Florida targets Moe, Ritz, John Clayton and Michael Carter, seeking triple damages exceeding $750 million. All four defendants have now been served, with Moe required to respond by September 1, 2025. Three defendants were served via substitute service through the Florida Department of State after allegedly avoiding service.

A separate market manipulation lawsuit filing is described as imminent, with attorney James Wes Christian leading that case.

Genius Group previously announced a board-approved plan to distribute proceeds from legal victories equally between shareholder distributions and Bitcoin purchases for its treasury.

The information in this article is based on a press release statement from the company.

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