Search Articles
LOS ANGELES (CN) – Genius Products enriched management at shareholders’ expense and diluted its stock so insiders would “reap essentially all of the benefits of the company’s upcoming release of the video game, ‘Scratch: The Ultimate DJ,’ which is expected to generate substantial revenues and profits,” shareholders claim in a Superior Court class action. Shareholders sued Genius Products, GNPR Investments, and board members Steven Bannon, Trevor Drinkwater and Herbert Hardt. The class is represented by Mark Punzalan with Finkelstein & Thompson of San Francisco.
Subscribe to our free newsletters
Our weekly newsletter Closing Arguments offers the latest about ongoing trials, major litigation and rulings in courthouses around the U.S. and the world, while the monthly Under the Lights dishes the legal dirt from Hollywood, sports, Big Tech and the arts.