Core Viewpoint - A class action lawsuit has been filed against Smart Digital Group Ltd. (NASDAQ: SDM) for alleged misleading statements and market manipulation 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 fraudulent promotion scheme that included misinformation on social media and impersonation of financial professionals [5]. - Allegations include the use of offshore accounts by insiders to facilitate 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 costs 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 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 [4]. - In 2019, the firm secured over $438 million for investors, showcasing its capability in handling such cases [4].
ROSEN, HIGHLY REGARDED INVESTOR COUNSEL, Encourages Smart Digital Group Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SDM