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Bronstein, Gewirtz & Grossman LLC Urges Smart Digital Group Ltd. Investors to Act: Class Action Filed Alleging Investor Harm
Prnewswire· 2026-01-18 17:00
Core Viewpoint - A class action lawsuit has been filed against Smart Digital Group Ltd. (NASDAQ: SDM) for alleged violations of federal securities laws during the Class Period from May 5, 2025, to September 26, 2025 [1][2] Group 1: Allegations and Details - The lawsuit claims that SDM failed to disclose significant information to investors, including involvement in a market manipulation and fraudulent promotion scheme [7] - Allegations include the use of offshore or nominee accounts by insiders to facilitate coordinated share dumping during a price inflation campaign [7] - The company's public statements and risk disclosures did not mention the risks of fraudulent trading or market manipulation that could affect stock prices [7] - As a result, SDM securities faced a unique risk of suspension in trading by the SEC and NASDAQ [7] Group 2: Legal Representation and Participation - Bronstein, Gewirtz & Grossman, LLC represents investors in this class action on a contingency fee basis, meaning they only recover costs if successful [4] - Investors who suffered losses in SDM have until March 16, 2026, to request appointment as lead plaintiff, although participation in any recovery does not require this role [3] - The firm has a history of recovering hundreds of millions of dollars for investors in securities fraud cases [5]