Portnoy Law Firm Announces Class Action on Behalf of Megan Holdings Limited Investors
The Portnoy Law Firm has filed a class action lawsuit on behalf of investors in Megan Holdings Limited (NASDAQ: MGN) who purchased shares between September 26, 2025 and March 25, 2026. The complaint alleges a coordinated stock manipulation scheme involving promoters using fake identities on social media to artificially inflate the stock price. The stock collapsed 93.4% on March 26, 2026, closing at $0.28 per share, triggering multiple NASDAQ trading halts.