Investors in Megan Holdings have until September 8, 2026, to file claims

Faruqi & Faruqi, a leading national securities law firm, is reminding investors in Megan Holdings Limited of a critical deadline: September 8, 2026, for filing claims in a securities class action lawsuit. The complaint alleges that the company and its executives violated federal securities laws by making false or misleading statements and failing to disclose significant risks related to market manipulation and internal controls.

According to the lawsuit, Megan Holdings Limited and its executives are accused of engaging in a market manipulation scheme involving social-media based misinformation and impersonators posing as financial professionals. The complaint also states that the company’s public statements and risk disclosures omitted any mention of the realized risk of fraudulent trading, which was used to drive the company’s stock price. Furthermore, the lawsuit claims that the sole underwriter of the company’s initial public offering (IPO), DBC, had a history of conducting microcap IPOs that suffered from volatility-induced declines due to market manipulation.

On March 26, 2026, a coordinated "dump" of Megan shares occurred after the market closed, causing the stock to open at $0.423 per share. This was a decline of 90% from the previous day's closing price. NASDAQ halted trading multiple times throughout the day. By the end of the trading session, Megan’s stock had fallen to $0.28 per share, a decline of 93.4%, on a trading volume of 39,239,600 shares.

Faruqi & Faruqi, LLP is encouraging anyone with information about Megan’s conduct to contact the firm, including whistleblowers, former employees, shareholders, and others. The law firm is urging investors who purchased Megan Holdings Limited securities during the class period, from September 26, 2025, through March 25, 2026, to review their trading records and consider their legal options.

Any investor who purchased Megan securities during the class period and suffered a loss may be eligible to participate in the lawsuit. Investors who wish to be considered for appointment as lead plaintiff must file a motion with the court by September 8, 2026. Faruqi & Faruqi, LLP has a history of representing investors in securities litigation and has recovered hundreds of millions of dollars for shareholders.