TechFlow news, June 26 — According to GlobeNewsWire, the Genius Group (NYSE: GNS) board of directors today approved a distribution plan for future legal proceeds, allocating net gains equally toward shareholder special dividends and Bitcoin purchases. The company is currently pursuing two major lawsuits: one is a RICO action against executives of LZGI International with over $750 million in claims; the other targets naked short-selling activities, with preliminary estimated losses of approximately $250 million. CEO Roger Hamilton stated that these lawsuits aim to recover losses for shareholders, and thus all proceeds will either be directly distributed or reinvested for shareholder benefit. The company emphasized that all distributions will comply with applicable regulations from the SEC, NYSE, and Singaporean law.
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