Core Viewpoint - A class action lawsuit has been filed against Smart Digital Group Limited (SDM) for alleged market manipulation and fraudulent promotion, impacting investors who acquired SDM securities between May 5, 2025, and September 26, 2025 [6]. Allegation Details - The lawsuit claims that SDM failed to disclose significant risks, including involvement in a market manipulation scheme and the use of offshore accounts for share dumping [6]. - It is alleged that SDM's public statements omitted risks related to fraudulent trading, which led to a significant drop in stock price [6]. - On September 26, 2025, SDM's stock price fell by 86.4% to $1.85 per share after a trading halt due to volatility [6]. Next Steps - Investors who suffered losses and wish to participate in the lawsuit must apply to be appointed as lead plaintiff by March 16, 2026 [6]. - Interested parties can contact Bragar Eagel & Squire, P.C. for more information regarding their rights and the claims [4][8]. Company Information - Bragar Eagel & Squire, P.C. is a law firm specializing in representing investors in securities litigation and has a nationwide practice [5].
SDM ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Smart Digital Group Limited and Encourages Investors to Contact the Firm