Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Smart Digital Group Limited due to allegations of securities law violations, with a deadline for investors to seek lead plaintiff status in a class action lawsuit set for March 16, 2026 [4]. Group 1: Allegations Against Smart Digital - The complaint alleges that Smart Digital and its executives made false or misleading statements and failed to disclose critical information regarding market manipulation and fraudulent promotion schemes [6]. - Specific allegations include the use of social media misinformation and impersonators to manipulate stock prices, insider trading through offshore accounts, and omissions of risks related to fraudulent trading [6]. - The company's stock price collapsed by 86.4% to $1.85 per share on September 26, 2025, following a trading halt by NASDAQ due to volatility and subsequent SEC suspension of trading due to potential manipulation [7]. Group 2: Legal Proceedings and Investor Actions - Investors who suffered losses are encouraged to contact Faruqi & Faruqi to discuss their legal rights and options [1]. - The role of lead plaintiff in the class action is open to any member of the putative class, who can either move the court to serve as lead plaintiff or remain an absent class member [8][9]. - Faruqi & Faruqi is also seeking information from whistleblowers, former employees, and shareholders regarding Smart Digital's conduct [9].
DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Smart Digital