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Genius Group Receives Federal Court Ruling In Favor; Co. Seeks $1B In Damages
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Genius Group Limited (NYSE American: GNS) ("Genius Group", "GNS" or the "Company"), a leading AI-powered education group, is announcing today that on September 27, 2026, the United States District Court for the Southern District of Florida denied the motions to dismiss filed in the Company's lawsuit against defendants Michael Moe, Peter Ritz, John Clayton, and Michael Carter.

The Court's denial of the defendants’ motions confirms that the Company has sufficiently alleged claims under the Federal and Florida State iterations of the Racketeer Influenced and Corrupt Organizations (RICO) Act, pursuant to which the Company seeks nearly $1 billion in damages.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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