Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Smart Digital Group Limited due to allegations of securities law violations, urging affected investors to contact them before the March 16, 2026 deadline for lead plaintiff applications [2][4]. Group 1: Allegations Against Smart Digital - The complaint alleges that Smart Digital and its executives made false and misleading statements, failing to disclose involvement in a market manipulation scheme [4]. - Specific allegations include the use of social media misinformation and impersonation by insiders to inflate stock prices, and the omission of risks related to fraudulent trading [4]. - The company's stock price collapsed by 86.4% to $1.85 per share on September 26, 2025, following a trading halt by NASDAQ due to volatility and subsequent SEC suspension for potential manipulation [5]. Group 2: Legal Proceedings and Investor Actions - Investors who purchased Smart Digital securities between May 5, 2025, and September 26, 2025, are encouraged to discuss their legal rights with Faruqi & Faruqi [1][2]. - The lead plaintiff in the class action will be the investor with the largest financial interest, who will oversee the litigation on behalf of the class [6]. - Faruqi & Faruqi is also seeking information from whistleblowers and former employees regarding Smart Digital's conduct [7].
SDM UPCOMING DEADLINE: Faruqi & Faruqi, LLP Reminds Smart Digital (SDM) Investors of Securities Class Action Deadline on March 16, 2026