Genius Group Limited (GNS) has released an update.
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Genius Group Limited is embroiled in internal controversy, as CEO Roger Hamilton was allegedly ousted without proper notice, a move deemed invalid under Singapore law. The company is also investigating claims against LZG International Inc. for potential corporate governance violations related to a previous acquisition. Legal counsel has been engaged to recommend remedial steps, including possible litigation, and the company has already terminated one executive involved.
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