August 07, 2025
A California federal judge issued a mixed ruling in a securities class action alleging that kids cartoon company Genius Brands International Inc. and its CEO engaged in a pump-and-dump scheme, finding that the third version of the complaint only plausibly pleads that investors relied on misstatements related to the airing frequency of the show "Rainbow Rangers."
July 18, 2022
A federal judge has permanently tossed a shareholder suit alleging kids cartoon company Genius Brands International Inc. engaged in a pump-and-dump scheme, finding the proposed investor class did not adequately allege deceptive practices.
December 03, 2020
Glancy Prongay & Murray LLP will represent a proposed class of investors in a suit accusing cartoon company Genius Brands International Inc. of targeting unsophisticated investors with lies and "a nonstop campaign of hype and press releases" that gave them "fear of missing out," a federal judge in Los Angeles said Wednesday.
October 20, 2020
Nine firms want to represent a proposed class of investors who allege kids cartoon company Genius Brands International Inc. lied to the public to boost the company's trading prices, according to documents filed Monday in federal court in Los Angeles.
August 20, 2020
An investor in a media company that hyped its kid-friendly streaming service as the next great media titan — at one point dubbing it "Netflix for kids" — has alleged that the company's rise was built on lies in a proposed securities fraud class action.