Genius Group Appoints Mark R. Basile, Toxic Debt Specialist, as Special Counsel to join its Legal Team
06 Março 2023 - 9:00AM
Genius Group Limited (NYSE American: GNS) (“Genius Group” or the
“Company”), a leading entrepreneur edtech and education group,
announces that it has retained attorney Mark R. Basile and his
toxic debt litigation firm, The Basile Law Firm P.C., to act as
Special Counsel to its legal team in the Company’s complaint filed
in the United States District Court Southern District
of New York, Case Number 1:23-cv-01639 against Alto
Opportunity Master Fund, SPC – Segregated Master Portfolio B,
Ayrton Capital, LLC and Waqas Khatri (“The Parties”).
This lawsuit was filed by Warshaw Burstein LLP
of New York and Christian Levine Law Group LLC of Texas, two firms
that possess extensive experience and achieved considerable success
in litigating stock manipulation cases.
Mr. Basile, a former law professor, has been
battling convertible toxic debt for the last 7 years. In 2021, his
firm secured a landmark decision against a toxic lender (Adar Bays)
that has set the standard to save hundreds of public companies’
tens of millions of dollars. Since that decision, his firm has
vacated several federal trial court judgments and consequently many
of the toxic lenders have not filed suits against public companies
in the last 18 months.
His firm is also pursuing several RICO actions
at present against known toxic lenders for the collection of
unlawful debt and as a result of his actions the Southern District
of New York recently denied a toxic lender’s motion to dismiss RICO
claims. The firm has also published articles and advice for
companies that believe they may be victims of toxic debt,
counterfeit shares and market manipulation, a summary of which can
be found at: https://www.thebasilelawfirm.com/blog
Roger Hamilton, CEO of Genius Group, said “We
are pleased to welcome Mr. Basile to our legal team. Mr. Basile
understands how toxic loans negatively affect retail shareholders
and will be assisting our counsel in this and other litigation we
plan.”
About Genius Group
Genius Group is a world leading entrepreneur
Edtech and education group, with a mission to disrupt the current
education model with a student-centered, life-long learning
curriculum that prepares students with the leadership,
entrepreneurial and life skills to succeed in today’s market. The
group has a group user base of 4.3 million users in 200 countries,
ranging from ages 0 to 100.
For more information, please visit
https://www.geniusgroup.net/
Investor Notice
Investing in our securities involves a high
degree of risk. Before making an investment decision, you should
carefully consider the risks, uncertainties and forward-looking
statements described in our most recent Annual Report on Form 20-F
for the fiscal year ended December 31, 2021, filed with the SEC on
May 13, 2022. If any of these risks were to occur, our business,
financial condition or results of operations would likely suffer.
In that event, the value of our securities could decline, and you
could lose part or all of your investment. The risks and
uncertainties we describe are not the only ones facing us.
Additional risks not presently known to us or that we currently
deem immaterial may also impair our business operations. In
addition, our past financial performance may not be a reliable
indicator of future performance, and historical trends should not
be used to anticipate results in the future. See “Forward-Looking
Statements” below.
Forward-Looking Statements
Statements made in this press release include
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements can be
identified by the use of words such as “may,” “will,” “plan,”
“should,” “expect,” “anticipate,” “estimate,” “continue,” or
comparable terminology. Such forward-looking statements are
inherently subject to certain risks, trends and uncertainties, many
of which the Company cannot predict with accuracy and some of which
the Company might not even anticipate and involve factors that may
cause actual results to differ materially from those projected or
suggested. Readers are cautioned not to place undue reliance on
these forward-looking statements and are advised to consider the
factors listed above together with the additional factors under the
heading “Risk Factors” in the Company’s Annual Reports on Form
20-F, as may be supplemented or amended by the Company’s Reports of
a Foreign Private Issuer on Form 6-K. The Company assumes no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events, new information or
otherwise.
Contacts
Investors:Flora Hewitt, Vice President of Investor Relations and
Mergers and AcquisitionsEmail: investor@geniusgroup.net
Media Contacts: Adia PREmail: gns@adiapr.co.uk
US Investors: Dave GentryRedChip Companies
Inc1-800-RED-CHIPGNS@redchip.com
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