Smart Digital Group Faces Securities Class Action Over Alleged Market Manipulation

Reuters

Feb 14

Smart Digital Group Faces Securities Class Action Over Alleged Market Manipulation

A federal securities class action lawsuit has been filed against Smart Digital Group Ltd., alleging that the company and its executives violated federal securities laws. The complaint claims that Smart Digital was involved in a market manipulation and fraudulent promotion scheme, including the use of social-media misinformation and impersonators posing as financial professionals. It is also alleged that insiders or affiliates used offshore or nominee accounts to facilitate coordinated dumping of shares during a price inflation campaign. According to the lawsuit, Smart Digital failed to disclose these risks and omitted mention of fraudulent trading or market manipulation in its public statements and risk disclosures, exposing its securities to the risk of trading suspension by regulatory authorities. Investors who purchased or acquired Smart Digital securities between May 5, 2025 and September 26, 2025 are reminded of a deadline of March 16, 2026 to seek the role of lead plaintiff in the case.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smart Digital Group Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602140740PRIMZONEFULLFEED9654085) on February 14, 2026, and is solely responsible for the information contained therein.

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The complaint claims that Smart Digital was involved in a market manipulation and fraudulent promotion scheme, including the use of social-media misinformation and impersonators posing as financial professionals. It is also alleged that insiders or affiliates used offshore or nominee accounts to facilitate coordinated dumping of shares during a price inflation campaign. According to the lawsuit, Smart Digital failed to disclose these risks and omitted mention of fraudulent trading or market manipulation in its public statements and risk disclosures, exposing its securities to the risk of trading suspension by regulatory authorities. Investors who purchased or acquired Smart Digital securities between May 5, 2025 and September 26, 2025 are reminded of a deadline of March 16, 2026 to seek the role of lead plaintiff in the case.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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