Portnoy Law: Lawsuit Filed On Behalf of Genius Brands International, Inc.. Investors

Los Angeles, California, UNITED STATES

Investors with a $100,000 or more in losses are encouraged to contact the firm.

Click here to join the case

LOS ANGELES, Oct. 07, 2020 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Genius Brands International, Inc.. ("Genius" or "the Company") (NASDAQ: GNUS) investors that acquired securities between March 17, 2020 and July 5, 2020.  

Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.

It is alleged in the complaint filed in this class action that throughout the Class Period, Defendants made materially misleading and/or false statements, as well as failed to disclose facts that were materially adverse in regard to the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (i) that Nickelodeon’s purported Rainbow Rangers expansion was temporary and/or overstated; (ii) that subscription to the Kartoon Channel! would be subject to fees through Amazon Prime; and (iii) that the Kartoon Channel! did not offer the company much viability for future growth.

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The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar

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