Core Viewpoint - Rosen Law Firm has announced a class action lawsuit on behalf of purchasers of Smart Digital Group Ltd. securities, alleging misleading statements and market manipulation during the specified Class Period from May 5, 2025, to September 26, 2025 [1][5]. Group 1: Class Action Details - The class action lawsuit is aimed at investors who purchased SDM securities during the Class Period and may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - Investors wishing to join the class action must act before the lead plaintiff deadline of March 16, 2026, and can do so by contacting Rosen Law Firm [3][6]. Group 2: Allegations Against Smart Digital - The lawsuit claims that Smart Digital was involved in a market manipulation scheme, including the use of social media misinformation and impersonators posing as financial professionals [5]. - It is alleged that insiders used offshore accounts to facilitate the dumping of shares during a price inflation campaign, and that the company's public statements failed to disclose risks related to fraudulent trading and market manipulation [5]. - The lawsuit asserts that these misleading statements led to a unique risk of trading suspension by the SEC and NASDAQ, ultimately causing investor damages when the true details emerged [5]. Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company and being ranked No. 1 for securities class action settlements in 2017 [4]. - The firm has recovered hundreds of millions of dollars for investors, including over $438 million in 2019 alone, and has consistently ranked in the top 4 for settlements since 2013 [4].
ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Smart Digital Group Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SDM