Core Viewpoint - A class action lawsuit has been filed against Smart Digital Group Ltd. (NASDAQ: SDM) for alleged market manipulation and fraudulent promotion during the 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 scheme of market manipulation and fraudulent promotion, which included misinformation on social media and impersonation of financial professionals [5]. - Allegations include the use of offshore accounts by insiders to facilitate the dumping of shares during a price inflation campaign, and the omission of risks related to fraudulent trading in public statements [5]. - The lawsuit asserts that the misleading statements made by the defendants about Smart Digital's business and prospects led to investor damages when the true details became known [5]. Group 2: Participation Information - Investors who purchased SDM securities during the class period may be entitled to compensation without any out-of-pocket 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 file a motion with the court by March 16, 2026, to represent other class members in the litigation [1][3]. Group 3: Law Firm Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest securities class action settlement against a Chinese company [4]. - The firm has been recognized for its success in securities class action settlements, ranking No. 1 in 2017 and consistently in the top 4 since 2013, recovering hundreds of millions for investors [4].
ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Smart Digital Group Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SDM