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Wolf Haldenstein Adler Freeman & Herz LLP announces that it has filed a class action lawsuit against Megan Holdings Limited (NASDAQ: MGN)
GlobeNewswire Inc.·
Wolf Haldenstein Adler Freeman & Herz LLP has filed a class action lawsuit against Megan Holdings Limited (NASDAQ: MGN) on behalf of investors who purchased securities during the company's IPO and subsequent trading period from September 29, 2025 to March 25, 2026. The lawsuit alleges stock manipulation through coordinated social media promotion by fraudulent stock promoters. Megan's stock collapsed 93.4% on March 26, 2026, from $4.24 to $0.28 per share, triggering multiple NASDAQ trading halts.
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