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 market manipulation scheme that 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 [5]. - The lawsuit asserts that Smart Digital's public statements failed to disclose risks related to fraudulent trading and market manipulation, leading to misleading information about the company's business and prospects [5]. Group 2: Investor 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]. - Interested parties can join the class action by visiting the provided link or contacting the law firm directly [3][6]. - A lead plaintiff must be appointed by March 16, 2026, to represent the class in the lawsuit [1][3]. Group 3: Rosen 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 consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions of dollars for investors [4].
ROSEN, A LONGSTANDING FIRM, Encourages Smart Digital Group Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SDM