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.
Genius Brands International, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to firstname.lastname@example.org.
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We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at email@example.com.
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