--- title: "Deadline Soon: Smart Digital Group Limited (SDM) Shareholders Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit" type: "News" locale: "en" url: "https://longbridge.com/en/news/278768052.md" description: "Smart Digital Group Limited (SDM) shareholders who lost $1,000,000 or more are urged to contact The Law Offices of Frank R. Cruz regarding a securities fraud class action lawsuit. The deadline to participate as a lead plaintiff is March 16, 2026, for those who acquired SDM securities between May 5, 2025, and September 26, 2025. The lawsuit alleges that SDM made misleading statements and failed to disclose material facts about its operations, leading to significant trading issues and a temporary suspension by NASDAQ and the SEC." datetime: "2026-03-11T19:10:36.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278768052.md) - [en](https://longbridge.com/en/news/278768052.md) - [zh-HK](https://longbridge.com/zh-HK/news/278768052.md) generator: "portal-rs" --- # Deadline Soon: Smart Digital Group Limited (SDM) Shareholders Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit **Deadline Soon: Smart Digital Group Limited (SDM) Shareholders Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit** **Shareholders with losses of $1,000,000 or more are encouraged to contact the firm.** The Law Offices of Frank R. Cruz reminds investors of the upcoming **March 16, 2026** deadline to participate as a lead plaintiff in the securities fraud class action lawsuit filed on behalf of investors who acquired Smart Digital Group Limited (“SDM” or the “Company”) (NASDAQ: SDM) securities between **May 5, 2025 and September 26, 2025**, inclusive (the “Class Period”). **IF YOU ARE AN INVESTOR WHO LOST MONEY ON SMART DIGITAL GROUP LIMITED (SDM), CLICK HERE TO PARTICIPATE IN THE SECURITIES FRAUD LAWSUIT.** **What Happened?** On September 26, 2025, NASDAQ temporarily halted trading of SDM stock due to volatility after the Company’s stock activity spiked with over 270,000 orders at 9:33 AM alone—approximately 30% of the Company’s average daily volume in a single minute. Trading resumed a little over an hour later with SDM’s stock price plummeting, closing at $1.85 per share, 88% less than the prior day’s closing price. After market hours, the United States Securities and Exchange Commission ("SEC") disclosed a temporary suspension of trading in SDM ordered for September 29, 2025 through October 25, 2025 due to “potential manipulation in the securities of SDM effectuated through recommendations made to investors by unknown persons via social media to purchase the securities of SDM, which appear to be designed to artificially inflate the price and volume of the securities of SDM.” On October 11, 2025, NASDAQ announced that trading in SDM would remain suspended pending receipt of “additional information requested from the company.” Trading of SDM’s stock continues to remain suspended. **What Is the Lawsuit About?** The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors 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, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times. **If you purchased or otherwise acquired SDM securities between May 5, 2025 and September 26, 2025, the deadline to seek appointment as the lead plaintiff in the securities fraud class action is March 16, 2026.** **Contact Us to Participate or Learn More:** If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact us: Frank R. Cruz The Law Offices of Frank R. Cruz 2121 Avenue of the Stars, Suite 800 Century City, California 90067 Email us at: info@frankcruzlaw.com Call us at: 310-914-5007 Visit our website at www.frankcruzlaw.com Follow us for updates on Twitter: twitter.com/FRC\_LAW If you inquire by email, please include your mailing address, telephone number, and number of shares purchased. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz, 310-914-5007 fcruz@frankcruzlaw.com www.frankcruzlaw.com View source version on businesswire.com: https://www.businesswire.com/news/home/20260311288070/en/ ### Related Stocks - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [SDM.US](https://longbridge.com/en/quote/SDM.US.md) - [FTXL.US](https://longbridge.com/en/quote/FTXL.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) ## Related News & Research - [Applied Materials Stock (AMAT) Is Named a 'Top Pick' at Goldman Sachs](https://longbridge.com/en/news/296820610.md) - [Xiaomi Takes Another Page From Apple](https://longbridge.com/en/news/296821772.md) - [CN MIIT To Accelerate Development of Emerging Pillar Industries Such as Aerospace and Intelligent Robotics Over Next 5 Yrs](https://longbridge.com/en/news/296981480.md) - [Match Group director Stephen Bailey sells 4,760 shares worth $201,173.36](https://longbridge.com/en/news/297369031.md) - [Xiaomi unveils Xring O3 as it expands in-house chip push](https://longbridge.com/en/news/296867086.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**