Genius Brands (NASDAQ: GNUS) is a California-based educational multimedia company. On June 15, 2020, Genius Brands launched the “Kartoon Channel!,” an app which Genius Brands touted as “Netflix for Kids.” Block &Leviton’s investigation concerns whether Genius Brands made false and misleading statements and omitted material information in connection with the launch of the Kartoon Channel! app. Genius Brand shares are currently trading below $2.00 per share, after reaching a high of $11.73 in the lead up to the launch of Kartoon Channel!.
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