Core Viewpoint - A class action lawsuit has been filed against Smart Digital Group Limited (SDM) for alleged market manipulation and fraudulent promotion, impacting investors who acquired SDM securities between May 5, 2025, and September 26, 2025 [7]. Allegation Details - The lawsuit claims that SDM failed to disclose significant risks, including involvement in a market manipulation scheme and the use of offshore accounts for share dumping [7]. - It is alleged that SDM's public statements did not mention the risks of fraudulent trading or market manipulation, which led to a significant drop in stock price [7]. - On September 26, 2025, SDM's stock price fell by 86.4% to $1.85 per share after a trading halt due to volatility, followed by a suspension of trading by the SEC and NASDAQ due to potential manipulation [7]. Next Steps - Investors who suffered losses and wish to discuss their legal rights are encouraged to contact Bragar Eagel & Squire, P.C. for more information [4][8]. - The deadline for investors to apply to be appointed as lead plaintiff in the lawsuit is March 16, 2026 [7]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm that represents individual and institutional investors in various types of litigation, including securities and commercial cases [5].
Bragar Eagel & Squire, P.C. Urges Smart Digital Investors with Large Losses to Contact the Firm Before March 16th