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ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Smart Digital Group Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SDM
TMX Newsfile· 2026-01-23 22:03
Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Smart Digital Group Ltd. securities, alleging misleading statements and market manipulation during the specified Class Period from May 5, 2025, to September 26, 2025 [1][5]. Group 1: Class Action Details - The class action lawsuit is aimed at investors who purchased SDM securities during the Class Period and may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Investors wishing to join the class action must act before the lead plaintiff deadline of March 16, 2026, and can do so by contacting Rosen Law Firm [3][6]. Group 2: Allegations Against Smart Digital - The lawsuit claims that Smart Digital was involved in a market manipulation scheme, including the use of social media misinformation and impersonators posing as financial professionals [5]. - It is alleged that insiders used offshore accounts to facilitate the dumping of shares during a price inflation campaign, and that the company's public statements failed to disclose risks related to fraudulent trading and market manipulation [5]. - The lawsuit asserts that these misleading statements led to a unique risk of trading suspension by the SEC and NASDAQ, ultimately causing investor damages when the true details emerged [5]. Group 3: 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 securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone, and has consistently ranked in the top 4 for settlements since 2013 [4].
SDM Class Action Notice: Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Class Action Against Smart Digital Group Limited
Globenewswire· 2026-01-23 19:10
Core Viewpoint - A class action has been filed against Smart Digital Group Limited (SDM) due to allegations of market manipulation and fraudulent promotion schemes that affected the company's stock price and trading status [1][2]. Group 1: Allegations and Issues - The complaint alleges that SDM was involved in a market manipulation scheme that included misinformation on social media and impersonators posing as financial professionals [2]. - Insiders allegedly used offshore accounts to facilitate the coordinated dumping of shares during a price inflation campaign, which was not disclosed to investors [2]. - SDM's public statements failed to mention the risks of fraudulent trading or market manipulation, which contributed to the unique risk of trading suspension by the SEC and NASDAQ [2]. Group 2: Stock Price Impact - On September 26, 2025, SDM's stock price collapsed by 86.4%, closing at $1.85 per share after an intraday 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 that aimed to artificially inflate the stock price [3]. - NASDAQ also suspended trading in SDM securities on October 11, 2025, pending further information, and trading remains suspended at the time of the filing [3]. Group 3: Class Action Participation - Shareholders may be eligible to participate in the class action against SDM, with a deadline to submit papers to serve as lead plaintiff by March 16, 2026 [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4]. Group 4: Company Background - Robbins LLP is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses and improve corporate governance since 2002 [5].
Deadline Alert: Smart Digital Group Limited (SDM) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
Businesswire· 2026-01-23 17:44
Core Viewpoint - The article discusses a class action lawsuit against Smart Digital Group Limited (SDM) due to allegations of market manipulation and misleading statements made by the company's executives during a specific class period from May 5, 2025, to September 26, 2025 [1][4]. Group 1: Trading Activity and SEC Involvement - On September 26, 2025, NASDAQ halted trading of SDM stock after a significant spike in trading activity, with over 270,000 orders in just one minute, representing approximately 30% of the average daily volume [2]. - Following the trading halt, SDM's stock price dropped to $1.85 per share, an 88% decrease from the previous day's closing price [2]. - The SEC announced a temporary suspension of trading in SDM from September 29, 2025, to October 25, 2025, due to potential manipulation linked to social media recommendations aimed at inflating the stock price [3]. Group 2: Allegations in the Lawsuit - The lawsuit claims that SDM's executives made materially false and misleading statements and failed to disclose significant adverse facts about the company's operations and prospects [4]. - Specific allegations include the existence of a market manipulation scheme involving social media misinformation, insider trading through offshore accounts, and a lack of disclosure regarding the risks of fraudulent trading [4]. - The lawsuit asserts that these misleading statements created a false impression of the company's stability and growth potential, ultimately leading to a suspension of trading by the SEC and NASDAQ [4].
SDM LAWSUIT ALERT: Levi & Korsinsky Notifies Smart Digital Group Limited Investors of a Class Action Lawsuit and Upcoming Deadline
Globenewswire· 2026-01-23 00:00
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 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, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky 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, NATIONAL TRIAL COUNSEL, Encourages Smart Digital Group Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SDM
Globenewswire· 2026-01-22 21:24
Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Smart Digital Group Ltd. securities, alleging misleading statements and market manipulation during the specified Class Period from May 5, 2025, to September 26, 2025 [1][5]. Group 1: Lawsuit Details - The lawsuit claims that Smart Digital was involved in a market manipulation scheme, including misinformation on social media and impersonation of financial professionals [5]. - Allegations include the use of offshore accounts for coordinated share dumping during a price inflation campaign, and failure to disclose risks related to fraudulent trading [5]. - The lawsuit asserts that Smart Digital's public statements were materially misleading, leading to investor damages when the true details emerged [5]. Group 2: Participation Information - Investors who purchased SDM securities during the Class Period may be entitled to compensation without upfront fees through a contingency fee arrangement [2]. - To join the class action, interested parties can visit the provided link or contact the law firm directly for more information [3][6]. - A lead plaintiff must be appointed by March 16, 2026, to represent other class members in the litigation [3]. Group 3: Law Firm Credentials - Rosen Law Firm specializes in securities class actions and has a strong track record, including the largest securities class action settlement against a Chinese company [4]. - The firm has consistently ranked highly in securities class action settlements and has recovered hundreds of millions of dollars for investors [4].
Deadline Approaching: Smart Digital Group Limited (SDM) Shareholders Who Lost Money Urged To Contact Law Offices of Howard G. Smith
Businesswire· 2026-01-22 18:38
Core Viewpoint - The article highlights the upcoming deadline of March 16, 2026, for investors to file a lead plaintiff motion in a case concerning Smart Digital Group Limited (NASDAQ: SDM) securities, specifically for those who purchased shares between May 5, 2025, and September 26, 2025 [1] Group 1 - The law firm Howard G. Smith is reminding investors about the deadline to participate in the case [1] - The case is filed on behalf of investors who suffered losses in Smart Digital Group Limited [1]
SDM LAWSUIT ALERT: The Gross Law Firm Notifies Smart Digital Group Limited Investors of a Class Action Lawsuit and Upcoming Deadline
Globenewswire· 2026-01-22 00:00
Core Viewpoint - The Gross Law Firm is notifying shareholders of Smart Digital Group Limited (NASDAQ: SDM) about a class action lawsuit related to allegations of market manipulation and fraudulent promotion during a specified class period [1][3]. Group 1: Class Action Details - The class period for the lawsuit is from May 5, 2025, to September 26, 2025 [3]. - Allegations include that SDM was involved in a market manipulation scheme, with false statements and omissions regarding the risks of fraudulent trading and market manipulation [3]. - The lawsuit claims that insiders used offshore accounts to facilitate the dumping of shares during a price inflation campaign, which misled investors about the company's true financial health [3]. Group 2: Shareholder Actions - Shareholders are encouraged to register for the class action by March 16, 2026, to potentially become lead plaintiffs [4]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [4]. - Participation in the case incurs no cost or obligation for shareholders [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [5].
Law Offices of Frank R. Cruz Encourages Smart Digital Group Limited (SDM) Shareholders To Inquire About Securities Fraud Class Action
Businesswire· 2026-01-21 17:06
Core Viewpoint - A class action lawsuit has been filed against Smart Digital Group Limited (SDM) for alleged securities fraud during the class period from May 5, 2025, to September 26, 2025, with investors having until March 16, 2026, to file a lead plaintiff motion [1] Group 1: Trading Activity and SEC Involvement - On September 26, 2025, NASDAQ temporarily halted trading of SDM stock due to volatility, with over 270,000 orders placed in a single minute, representing approximately 30% of the average daily volume [3] - Following this, the SEC announced a temporary suspension of trading in SDM from September 29, 2025, to October 25, 2025, due to potential manipulation through social media recommendations aimed at inflating the stock price [4] - Trading in SDM remains suspended as of October 11, 2025, pending additional information from the company [4] Group 2: Allegations in the Lawsuit - The lawsuit alleges that SDM's management made materially false and misleading statements and failed to disclose adverse facts about the company's operations and prospects [5] - Specific allegations include involvement in a market manipulation scheme, use of offshore accounts for share dumping, and omission of risks related to fraudulent trading [5] - The lawsuit claims that SDM's positive statements about its business lacked a reasonable basis and misled investors regarding the company's true situation [5]
Smart Digital Group Limited Sued for Securities Law Violations - Contact Levi & Korsinsky Before March 16, 2026 to Discuss Your Rights - SDM
Prnewswire· 2026-01-21 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 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 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 incurring any out-of-pocket costs or fees, and there is no obligation to participate [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 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· 2026-01-20 18:44
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 appointment 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 by NASDAQ 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 on October 11, 2025 [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].