Core Viewpoint - A class action has been filed against Smart Digital Group Limited (SDM) due to allegations of market manipulation and fraudulent promotion schemes that affected the company's stock price and trading status [1][2]. Group 1: Allegations and Issues - The complaint alleges that SDM was involved in a market manipulation scheme that included misinformation on social media and impersonators posing as financial professionals [2]. - Insiders allegedly used offshore accounts to facilitate the coordinated dumping of shares during a price inflation campaign, which was not disclosed to investors [2]. - SDM's public statements failed to mention the risks of fraudulent trading or market manipulation, which contributed to the unique risk of trading suspension by the SEC and NASDAQ [2]. Group 2: Stock Price Impact - On September 26, 2025, SDM's stock price collapsed by 86.4%, closing at $1.85 per share after an intraday 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 that aimed to artificially inflate the stock price [3]. - NASDAQ also suspended trading in SDM securities on October 11, 2025, pending further information, and trading remains suspended at the time of the filing [3]. Group 3: Class Action Participation - Shareholders may be eligible to participate in the class action against SDM, with a deadline to submit papers to serve as lead plaintiff by March 16, 2026 [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4]. Group 4: Company Background - Robbins LLP is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses and improve corporate governance since 2002 [5].