|Company:||Genius Products, Inc|
|Ticker Symbol:||OTC:GNPI ; OTC:GNPR|
|Class Period:||Dec-31-08 to Apr-3-09|
|Lead Plaintiff Deadline:||Jun-26-09|
|Court:||State of California in Los Angeles|
As a result of several transactions Genius Products indicated in a SEC filing that it "may have an obligation to issue up to 6,491,060,289 shares of common stock". Then Genius Products was required to conduct a 500 to 1 reverse stock split on April 03, 2009 to ensure it did not exceed the amount of shares its Certificate of Incorporation authorized it to issue. The plaintiff alleges that class members never had the opportunity to vote on the stock split and investors had the value of their holdings dramatically reduced by the transactions by the defendants and at no time the class members permitted to vote on these massively dilutive transactions.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.