Pomerantz LLP has filed a class action lawsuit against Megan Holdings Limited concerning alleged securities fraud. The lawsuit covers investors who purchased Megan stock pursuant or traceable to its initial public offering on or around September 26, 2026, or during the class period from September 26, 2025 to March 25, 2026. The complaint alleges that stock promoters on social media and messaging apps artificially inflated Megan's share price, which then collapsed 93.4% on March 26, 2026, falling from $4.24 to $0.28 per share. Investors have until September 8, 2026 to seek appointment as lead plaintiff.
Megan Holdings LimitedClass action lawsuit for securities fraud alleging stock manipulation, leading to 93.4% price collapse.