Robbins LLP said a proposed securities class action has been filed on behalf of investors who purchased Megan Holdings Limited securities between September 26, 2025 and March 25, 2026, or acquired shares in the company’s September 26, 2025 IPO. The lawsuit alleges Megan Holdings was tied to a pump-and-dump and fraudulent promotion scheme involving social-media misinformation and people impersonating financial professionals, while the company and certain defendants allegedly failed to adequately disclose those risks, along with alleged weaknesses in internal accounting and financial reporting controls. The complaint says MGN stock fell about 93.4% on March 26, 2026, closing at $0.28 versus $4.24 a day earlier, after the alleged exposure of those issues. Investors seeking appointment as lead plaintiff must submit papers to the court by September 4, 2026.