Core Viewpoint - Smart Digital Group Limited is facing a class action lawsuit due to allegations of market manipulation and fraudulent promotion that led to a significant drop in its stock price [1][3][4]. Group 1: Class Action Details - The class action is on behalf of investors who purchased securities between May 5, 2025, and September 26, 2025, with a deadline of March 16, 2026, for filing a lead plaintiff motion [1]. - Investors can contact attorney Lesley F. Portnoy for legal rights discussions and case evaluations [2]. Group 2: Allegations Against Smart Digital - The complaint alleges that Smart Digital failed to disclose involvement in a market manipulation scheme, including misinformation on social media and impersonation of financial professionals [3]. - It is claimed that insiders used offshore accounts to facilitate the dumping of shares during a price inflation campaign, and that risk disclosures omitted the potential for fraudulent trading [3]. - 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 [4]. Group 3: Regulatory Actions - The SEC suspended trading in Smart Digital securities from September 29, 2025, to October 10, 2025, due to potential manipulation linked to social media recommendations [4]. - NASDAQ also suspended trading in Smart Digital securities pending further information requests [4].

Core Viewpoint - Rosen Law Firm has announced a class action lawsuit against Smart Digital Group Ltd. for allegedly misleading investors regarding its business operations and involvement in fraudulent activities [1][2]. Allegations - The lawsuit claims that Smart Digital was involved in a market manipulation scheme that included misinformation on social media and impersonation of financial professionals [3]. - It is alleged that insiders used offshore accounts to facilitate the dumping of shares during a price inflation campaign [3]. - Smart Digital's public statements failed to disclose risks related to fraudulent trading and market manipulation, which could lead to a suspension of trading by the SEC or NASDAQ [3]. - The misleading statements made by the defendants about Smart Digital's business and prospects resulted in investor damages when the truth was revealed [3]. Next Steps - Shareholders interested in serving as lead plaintiffs must file motions by March 16, 2026, and can choose to remain absent class members without participating in the case [4]. - Participation in the class action is on a contingency fee basis, meaning shareholders incur no fees or expenses [5]. About Rosen Law Firm - Rosen Law Firm specializes in securities class actions and has a track record of recovering over $1 billion for shareholders [6].