Genius Group Board Approves Future Legal Victory Proceeds Distribution and Bitcoin Purchase Plan
2025/06/26 14:49According to Jinse Finance, the board of directors of Genius Group (NYSE: GNS) has approved a plan to allocate future legal victory proceeds, with net gains to be equally distributed between special dividends for shareholders and the purchase of Bitcoin. The company is currently involved in two major lawsuits: one is a RICO lawsuit against LZGI International executives, with claims exceeding $750 million; the other concerns naked short selling, with preliminary estimated losses of around $250 million. CEO Roger Hamilton stated that these lawsuits are intended to compensate shareholders for their losses, so all proceeds will be directly distributed or reinvested for the benefit of shareholders. The company emphasized that all distributions will comply with relevant regulations of the SEC, NYSE, and laws of the East 8th time zone.
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