Core Viewpoint - Rosen Law Firm has announced a class action lawsuit against Smart Digital Group Ltd. for allegedly misleading investors regarding its business operations and involvement in fraudulent activities [1][2]. Allegations - The lawsuit claims that Smart Digital was involved in a market manipulation scheme that included misinformation on social media and impersonation of financial professionals [3]. - It is alleged that insiders used offshore accounts to facilitate the dumping of shares during a price inflation campaign [3]. - Smart Digital's public statements failed to disclose risks related to fraudulent trading and market manipulation, which could lead to a suspension of trading by the SEC or NASDAQ [3]. - The misleading statements made by the defendants about Smart Digital's business and prospects resulted in investor damages when the truth was revealed [3]. Next Steps - Shareholders interested in serving as lead plaintiffs must file motions by March 16, 2026, and can choose to remain absent class members without participating in the case [4]. - Participation in the class action is on a contingency fee basis, meaning shareholders incur no fees or expenses [5]. About Rosen Law Firm - Rosen Law Firm specializes in securities class actions and has a track record of recovering over $1 billion for shareholders [6].
Rosen Law Firm Urges Smart Digital Group Ltd. (NASDAQ: SDM) Stockholders to Contact the Firm for Information About Their Rights