Pomerantz Law Firm Announces Class Action Lawsuit Against Megan Holdings Limited (NASDAQ: MGN)
A class action lawsuit has been filed against Megan Holdings Limited (Megan) by Pomerantz LLP, alleging securities fraud and unlawful business practices. The firm is seeking investors who purchased shares during or traceable to the company's IPO on September 26, 2025, as well as between that date and March 25, 2026. Investors have until September 8, 2026, to request appointment as Lead Plaintiff. The lawsuit claims Megan’s stock price was artificially inflated through coordinated social media campaigns led by individuals posing as financial advisors on platforms like WhatsApp. These promoters used fake identities and photos to manipulate the market. On March 26, 2026, Megan's share price collapsed by nearly 93%, closing at $0.28 per share after reaching an intraday high of $5.18 just a day earlier. Pomerantz LLP is one of the leading firms in securities litigation and has secured significant damages for class members in past cases.
