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 purchased SDM shares and suffered losses are encouraged to contact the law firm for more information and to discuss their legal rights [4]. - 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 securities litigation [5].
SDM CLASS ACTION DEADLINE: Bragar Eagel & Squire, P.C. Reminds SDM Stockholders of the Upcoming March 16th Lead Plaintiff Deadline and Encourages Investors to Contact the Firm