Core Viewpoint - A class action securities lawsuit has been filed against Smart Digital Group Limited, alleging securities fraud that affected investors between May 5, 2025, and September 26, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Smart Digital Group Limited was involved in a market manipulation and fraudulent promotion scheme, which included misinformation on social media and impersonators posing as financial professionals [2]. - It is alleged that insiders and affiliates used offshore or nominee accounts to facilitate the coordinated dumping of shares during a price inflation campaign [2]. - The company's public statements and risk disclosures reportedly omitted any mention of the risks associated with fraudulent trading or market manipulation, which could lead to a suspension of trading by the SEC or NASDAQ [2]. - As a result of these actions, the positive statements made by the defendants regarding the company's business and prospects were deemed materially misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until March 16, 2026, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3]. Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].
SDM LAWSUIT ALERT: Levi & Korsinsky Notifies Smart Digital Group Limited Investors of a Class Action Lawsuit and Upcoming Deadline