Genius Group is trading at $0.17, up 7.96%, in after-hours trading amid a federal court ruling allowing its RICO claims to proceed.
- Announced September 30, the ruling denied all defendants’ motions to dismiss; the company is seeking treble damages of over $750 million.
- September 28 half-year results showed 140% revenue growth but missed estimates. The company did not explicitly attribute the share move to the ruling, though the fresh legal news is the more plausible company-specific catalyst.