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ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Smart Digital Group Ltd. Investors to Secure Counsel Before Important Deadline in Securities Class Action - SDM
TMX Newsfile· 2026-01-31 01:09
Core Viewpoint - Rosen Law Firm is reminding investors who purchased securities of Smart Digital Group Ltd. (NASDAQ: SDM) during the specified Class Period of the upcoming lead plaintiff deadline on March 16, 2026 [1] Group 1: Class Action Details - Investors who purchased SDM securities between May 5, 2025, and September 26, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by March 16, 2026 [3] - Investors can join the class action by visiting the provided link or contacting the law firm directly for more information [6] Group 2: Law Firm Credentials - Rosen Law Firm specializes in securities class actions and has a strong track record, including the largest securities class action settlement against a Chinese company [4] - The firm has been ranked No. 1 for securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions for investors [4] - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in litigation [4] Group 3: Case Specifics - Smart Digital is accused of being involved in a market manipulation scheme that included misinformation and impersonation of financial professionals [5] - The lawsuit claims that insiders used offshore accounts to facilitate share dumping during a price inflation campaign, and that the company's public statements omitted risks related to fraudulent trading [5] - As a result of these actions, Smart Digital's securities faced the risk of trading suspension by the SEC and NASDAQ, leading to investor damages when the truth was revealed [5]
Bragar Eagel & Squire, P.C. Urges Smart Digital Investors with Large Losses to Contact the Firm Before March 16th
Globenewswire· 2026-01-30 16:30
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].
INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Smart Digital
Prnewswire· 2026-01-29 14:10
Core Viewpoint - The complaint against Smart Digital Media (SDM) alleges violations of federal securities laws, including false statements and failure to disclose significant risks related to market manipulation and fraudulent activities [2]. Group 1: Allegations and Violations - The complaint claims that SDM was involved in a market manipulation scheme that included misinformation on social media and impersonation of financial professionals [2]. - It is alleged that insiders used offshore accounts to facilitate the dumping of shares during a price inflation campaign [2]. - SDM's public statements failed to mention the risks of fraudulent trading and market manipulation, which could lead to a suspension of trading by the SEC and NASDAQ [2]. - The positive statements made by the defendants regarding SDM's business and prospects were misleading and lacked a reasonable basis [2]. Group 2: Stock Price Impact and Trading Suspension - On September 26, 2025, SDM's stock price dropped by 86.4%, closing at $1.85 per share, following a trading halt by NASDAQ due to volatility [3]. - The SEC suspended trading in SDM securities from September 29, 2025, to October 10, 2025, due to potential manipulation linked to social media recommendations [3]. - After the SEC suspension, NASDAQ also suspended trading in SDM securities pending further information, with no clear end to the suspension [3]. Group 3: Legal Proceedings - A court-appointed lead plaintiff will represent the interests of the class in the litigation, and any member of the class can move to serve as lead plaintiff [4]. - The law firm Faruqi & Faruqi encourages individuals with information about SDM's conduct to come forward, including whistleblowers and former employees [5].
SDM ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Smart Digital Group Limited and Encourages Investors to Contact the Firm
Globenewswire· 2026-01-15 18:04
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]. - It is alleged that SDM's public statements omitted risks related to fraudulent trading, 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 [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][8]. Company Information - Bragar Eagel & Squire, P.C. is a law firm specializing in representing investors in securities litigation and has a nationwide practice [5].
Portnoy Law Firm Announces Class Action on Behalf of Smart Digital Group Limited Investors
Globenewswire· 2026-01-15 15:10
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].
Rosen Law Firm Urges Smart Digital Group Ltd. (NASDAQ: SDM) Stockholders to Contact the Firm for Information About Their Rights
Businesswire· 2026-01-14 17:09
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].