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 [6]. 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 [6]. - Allegations include that SDM's public statements omitted risks related to fraudulent trading and market manipulation, which led to a significant drop in stock price [6]. - 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 [6]. Next Steps - Investors who suffered losses and wish to participate in the lawsuit must apply to be appointed as lead plaintiff by March 16, 2026 [6]. - Interested parties can contact Bragar Eagel & Squire, P.C. for more information regarding their rights and the claims [4]. About the Law Firm - Bragar Eagel & Squire, P.C. is a nationally recognized law firm specializing in securities litigation, representing both individual and institutional investors [5].
SMART DIGITAL GROUP UPCOMING DEADLINE: Bragar Eagel & Squire, P.C. Urges SDM Investors with Large Losses to Contact the Firm Before March 16th