What is the basis for the securities class action against Smart Digital Group Limited (SDM)?

The lawsuit alleges SDM and its executives violated federal laws by hiding a massive fraudulent promotion scheme. Specifically, it claims the company failed to disclose that insiders used offshore accounts to dump shares while social media "financial professionals" artificially inflated the price.

What is the deadline to join the Smart Digital Group (SDM) class action as a lead plaintiff?

Investors who suffered financial losses while trading SDM stock have until March 16, 2026, to file a motion with the court to be appointed as the lead plaintiff. This role allows a specific investor to represent the broader class in the securities litigation filed in federal court.

How did social media influence the fraud allegations against Smart Digital Group (SDM)?

The complaint details a manipulation scheme where impersonators on social media posed as experts to mislead investors. These actors allegedly used misinformation to create a "pump and dump" effect, allowing insiders to sell their holdings through nominee accounts at artificially high prices.

Why did the SEC and NASDAQ suspend trading of Smart Digital Group (SDM) shares?

Regulatory bodies halted SDM trading due to the realized risk of market manipulation and fraudulent trading. The company is accused of failing to warn investors that its stock was at high risk for such suspensions, which ultimately led to a sustained loss of liquidity and value for shareholders.

Which law firm is investigating the potential claims against Smart Digital Group (SDM)?

Faruqi & Faruqi, LLP, a leading national securities law firm, is currently investigating the potential claims and handling the class action. They are focusing on whether SDM’s positive statements about its business prospects were materially misleading or lacked a reasonable factual basis.

Smart Digital Group Limited - Faruqi & Faruqi LLP

Smart Digital Group Limited

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Case Details

Ticker SDM

Class Period 05/05/2025 - 09/26/2025

Lead Plaintiff Deadline 03/16/2026

Days Left to Seek Plaintiff

If you are a Smart Digital investor who suffered a loss and would like to learn more, you can provide your information below:

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Smart Digital Group Limited (“Smart Digital” or the “Company”) (NASDAQ: SDM) and reminds investors of the March 16, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) SDM was the subject of a market manipulation and fraudulent promotion scheme involving social-media based misinformation and impersonators posing as financial professionals; (2) insiders and/or affiliates used and/or intended to use offshore or nominee accounts to facilitate the coordinated dumping of shares during a price inflation campaign; (3) SDM’s public statements and risk disclosures omitted any mention of realized risk of fraudulent trading or market manipulation used to drive the Company’s stock price; (4) as a result, SDM securities were at unique risk of a sustained suspension in trading by either or both of the SEC and NASDAQ; and (5) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations and prospects were materially misleading and/or lacked a reasonable basis.

Lead Plaintiff Deadline: March 16, 2026

Call Partner Josh Wilson at 877-247-4292 or 212-983-9330 (Ext. 1310)
Or submit your information below to learn about your rights.

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