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Investors who lost money on Smart Digital Group Limited (SDM) should contact Levi & Korsinsky about pending Class Action - SDM
Globenewswire· 2026-01-29 22:00
Core Viewpoint - A class action securities lawsuit has been filed against Smart Digital Group Limited, alleging securities fraud that affected investors between May 5, 2025, and September 26, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Smart Digital Group Limited was involved in a market manipulation and fraudulent promotion scheme, which included misinformation on social media and impersonators posing as financial professionals [2]. - It is alleged that insiders and affiliates used offshore or nominee accounts to facilitate the coordinated dumping of shares during a price inflation campaign [2]. - The company's public statements and risk disclosures reportedly omitted any mention of the risks associated with fraudulent trading or market manipulation, which could lead to a suspension of trading by the SEC or NASDAQ [2]. - As a result of these actions, the positive statements made by the defendants regarding the company's business and prospects were deemed materially misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified time frame have until March 16, 2026, to request to be appointed as lead plaintiff in the lawsuit [3]. - Participation in the lawsuit does not require individuals to serve as lead plaintiffs, and there are no out-of-pocket costs or fees for class members [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Smart Digital
Prnewswire· 2026-01-29 14:10
Core Viewpoint - The complaint against Smart Digital Media (SDM) alleges violations of federal securities laws, including false statements and failure to disclose significant risks related to market manipulation and fraudulent activities [2]. Group 1: Allegations and Violations - The complaint claims that SDM was involved in a market manipulation scheme that included misinformation on social media and impersonation of financial professionals [2]. - It is alleged that insiders used offshore accounts to facilitate the dumping of shares during a price inflation campaign [2]. - SDM's public statements failed to mention the risks of fraudulent trading and market manipulation, which could lead to a suspension of trading by the SEC and NASDAQ [2]. - The positive statements made by the defendants regarding SDM's business and prospects were misleading and lacked a reasonable basis [2]. Group 2: Stock Price Impact and Trading Suspension - On September 26, 2025, SDM's stock price dropped by 86.4%, closing at $1.85 per share, following a trading halt by NASDAQ due to volatility [3]. - The SEC suspended trading in SDM securities from September 29, 2025, to October 10, 2025, due to potential manipulation linked to social media recommendations [3]. - After the SEC suspension, NASDAQ also suspended trading in SDM securities pending further information, with no clear end to the suspension [3]. Group 3: Legal Proceedings - A court-appointed lead plaintiff will represent the interests of the class in the litigation, and any member of the class can move to serve as lead plaintiff [4]. - The law firm Faruqi & Faruqi encourages individuals with information about SDM's conduct to come forward, including whistleblowers and former employees [5].
ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Smart Digital Group Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SDM
Globenewswire· 2026-01-29 00:01
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Smart Digital Group Ltd. during the specified class period of the upcoming lead plaintiff deadline for a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased SDM securities between May 5, 2025, and September 26, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by March 16, 2026 [3]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions, highlighting its own achievements, including the largest securities class action settlement against a Chinese company [4]. - The firm has been ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [4]. Group 3: Case Specifics - Smart Digital is described as a provider of digital marketing services, and the lawsuit alleges that the company made false or misleading statements and failed to disclose significant risks related to market manipulation and fraudulent trading [5]. - The lawsuit claims that insiders used offshore accounts to facilitate share dumping during a price inflation campaign, and that Smart Digital's public statements omitted risks of fraudulent trading, leading to investor damages when the truth emerged [5].
UPCOMING DEADLINE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Smart Digital
Globenewswire· 2026-01-28 19:31
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Smart Digital Group Limited due to allegations of securities law violations, urging affected investors to contact them before the March 16, 2026 deadline for lead plaintiff applications in a federal class action lawsuit [4][6]. Group 1: Allegations Against Smart Digital - The complaint alleges that Smart Digital and its executives made false or misleading statements and failed to disclose significant risks related to market manipulation and fraudulent promotion schemes [6]. - Specific allegations include the use of social media misinformation and impersonation by individuals posing as financial professionals to manipulate the stock price [6]. - It is claimed that insiders used offshore accounts to facilitate the dumping of shares during a price inflation campaign, which was not disclosed in the company's public statements [6]. Group 2: Stock Price Collapse and SEC Actions - On September 26, 2025, Smart Digital's stock price fell by 86.4%, closing at $1.85 per share, following a trading halt by NASDAQ due to volatility [7]. - The SEC suspended trading of Smart Digital securities from September 29, 2025, to October 10, 2025, due to potential manipulation linked to social media recommendations that aimed to artificially inflate the stock price [7]. - Following the SEC's suspension, NASDAQ also suspended trading pending further information, and trading remains suspended with no clear end date [7]. Group 3: Class Action and Lead Plaintiff Information - The lead plaintiff in the class action will be the investor with the largest financial interest who is also typical of the class members, overseeing the litigation on behalf of the class [8]. - Any member of the class can apply to serve as lead plaintiff or choose to remain an absent class member without affecting their ability to share in any recovery [9]. - Faruqi & Faruqi encourages individuals with information regarding Smart Digital's conduct to come forward, including whistleblowers and former employees [9].
Levi & Korsinsky Notifies Shareholders of Smart Digital Group Limited (SDM) of a Class Action Lawsuit and an Upcoming Deadline
Prnewswire· 2026-01-28 14:00
Core Viewpoint - A class action securities lawsuit has been filed against Smart Digital Group Limited, alleging securities fraud that affected investors between May 5, 2025, and September 26, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Smart Digital Group Limited was involved in a market manipulation and fraudulent promotion scheme, which included misinformation on social media and impersonators posing as financial professionals [2]. - It is alleged that insiders and affiliates used offshore or nominee accounts to facilitate the coordinated dumping of shares during a price inflation campaign [2]. - The company's public statements and risk disclosures reportedly failed to mention the risks of fraudulent trading or market manipulation that could impact the stock price [2]. Group 2: Impact on Trading - Due to the alleged fraudulent activities, Smart Digital Group Limited's securities were at risk of a sustained suspension in trading by the SEC and NASDAQ [2]. - The positive statements made by the defendants regarding the company's business and prospects were claimed to be materially misleading and lacked a reasonable basis [2]. Group 3: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until March 16, 2026, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 4: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
ROSEN, LEADING INVESTOR COUNSEL, Encourages Smart Digital Group Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SDM
TMX Newsfile· 2026-01-28 00:54
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Smart Digital Group Ltd. (NASDAQ: SDM) during the specified class period of the upcoming lead plaintiff deadline on March 16, 2026, for a class action lawsuit [1]. Group 1: Class Action Details - Investors who purchased SDM securities between May 5, 2025, and September 26, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by submitting a form or contacting the law firm [3][6]. - To serve as lead plaintiff, individuals must file a motion with the court by March 16, 2026 [3]. Group 2: Law Firm Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4]. - Founding partner Laurence Rosen was recognized as a Titan of Plaintiffs' Bar by Law360 in 2020, and many attorneys at the firm have received accolades from Lawdragon and Super Lawyers [4]. Group 3: Case Background - Smart Digital Group is described as a provider of digital marketing services, and the lawsuit alleges that the company made false or misleading statements and failed to disclose significant risks related to market manipulation and fraudulent activities [5]. - Specific allegations include the use of social media misinformation, insider trading, and the omission of risks associated with fraudulent trading that could lead to trading suspensions by the SEC or NASDAQ [5]. - The lawsuit claims that these misleading statements resulted in investor damages when the true details became public [5].
Smart Digital Group Limited (SDM) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire· 2026-01-27 20:30
BENSALEM, Pa., Jan. 27, 2026 /PRNewswire/ -- The Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Smart Digital Group Limited ("SDM" or the "Company") (NASDAQ: SDM). IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN SMART DIGITAL GROUP LIMITED (SDM), CONTACT THE LAW OFFICES OF HOWARD G. SMITH BEFORE MARCH 16, 2026 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT. Contact the ...
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Smart Digital Group Limited of Class Action Lawsuit and Upcoming Deadlines - SDM
Globenewswire· 2026-01-27 18:41
Core Viewpoint - A class action lawsuit has been filed against Smart Digital Group Limited, alleging securities fraud and unlawful business practices [2]. Group 1: Lawsuit Details - The lawsuit involves claims that Smart Digital and certain officers and/or directors engaged in securities fraud [2]. - Investors have until March 16, 2026, to request to be appointed as Lead Plaintiff if they purchased Smart Digital securities during the Class Period [2]. Group 2: Stock Price and SEC Actions - On September 26, 2025, Smart Digital's stock price dropped 86.4% to close at $1.85 per share after a trading halt due to volatility [4]. - The SEC suspended trading in Smart Digital securities from September 29, 2025, to October 10, 2025, due to potential manipulation linked to social media recommendations [4]. - Following the SEC suspension, NASDAQ also suspended trading in Smart Digital securities pending further information [4]. Group 3: Pomerantz LLP Background - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of recovering multimillion-dollar damages for class members [5].
ROSEN, NATIONAL TRIAL ATTORNEYS, Encourages Smart Digital Group Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SDM
TMX Newsfile· 2026-01-27 00:49
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Smart Digital Group Ltd. (NASDAQ: SDM) during the specified Class Period of the upcoming lead plaintiff deadline on March 16, 2026 [1] Group 1: Class Action Details - Investors who purchased SDM securities between May 5, 2025, and September 26, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by the March 16, 2026 deadline [3] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for the number of settlements in 2017 [4] - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone [4] Group 3: Allegations Against Smart Digital - The lawsuit alleges that Smart Digital was involved in a market manipulation scheme, including misinformation and impersonation by financial professionals [5] - It is claimed that insiders used offshore accounts to facilitate share dumping during a price inflation campaign, and that Smart Digital's public statements omitted risks related to fraudulent trading [5] - The lawsuit asserts that these misleading statements led to significant investor damages when the true details became public [5]
SHAREHOLDER DEADLINE APPROACHING: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Smart Digital (SDM)
TMX Newsfile· 2026-01-26 00:18
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Smart Digital Group Limited due to allegations of securities law violations, urging affected investors to contact them before the March 16, 2026 deadline for lead plaintiff applications in a federal class action lawsuit [2][5]. Group 1: Allegations Against Smart Digital - The complaint alleges that Smart Digital and its executives made false and misleading statements, failing to disclose involvement in a market manipulation scheme and fraudulent promotions via social media [5]. - It is claimed that insiders used offshore accounts to facilitate the dumping of shares during a price inflation campaign, which was not disclosed in the company's public statements [5]. - The company's risk disclosures omitted the potential for trading suspensions by the SEC and NASDAQ due to the alleged manipulation, leading to misleading positive statements about its business prospects [5]. Group 2: Stock Price Collapse and Trading Suspension - On September 26, 2025, Smart Digital's stock price fell by 86.4%, closing at $1.85 per share, following a trading halt by NASDAQ due to volatility [6]. - The SEC suspended trading in Smart Digital securities from September 29, 2025, to October 10, 2025, citing potential manipulation through social media recommendations designed to inflate stock prices [6]. - As of the filing date, trading in Smart Digital securities remains suspended with no clear timeline for resumption [6]. Group 3: Legal Proceedings and Investor Participation - The lead plaintiff in the class action will be the investor with the largest financial interest who is typical of the class members, overseeing the litigation on behalf of the class [7]. - Any member of the class can apply to serve as lead plaintiff or choose to remain an absent class member without affecting their ability to share in any recovery [7]. - Faruqi & Faruqi encourages individuals with information regarding Smart Digital's conduct to come forward, including whistleblowers and former employees [8].