Law Firms Expand Smart Digital Class Actions Alleging Social-Media Manipulation and Insider Dumping

Overview

• Bronstein, Gewirtz & Grossman, the Schall Law Firm, and Rosen Law Firm announced actions targeting Smart Digital Group Ltd. (NASDAQ: SDM) and certain officers.
• The suits cover investors who bought or acquired SDM securities between May 5, 2025 and September 26, 2025.
• Complaints allege a promotional scheme using social‑media misinformation and impersonators posing as financial professionals.
• Plaintiffs also claim insiders or affiliates used offshore or nominee accounts to coordinate share sales during a price‑inflation campaign and that risk disclosures omitted these issues.
• The filings assert Exchange Act violations including Rule 10b‑5, note the risk of trading suspensions by the SEC or NASDAQ, and state that no class has been certified as investors consider lead‑plaintiff motions by March 16, 2026.