The Portnoy Law Firm is advising Megan Holdings Limited investors about a securities class action filed in the United States District Court for the Southern District of New York. The complaint covers investors who bought MGN securities during the period from September 26, 2025, to March 25, 2026, inclusive, including shares purchased in or traceable to the IPO. It alleges that stock promoters posing as financial advisers used aliases, false photographs, social media and messaging applications including WhatsApp to manipulate the share price. MGN fell 93.4% on March 26, 2026, closing at $0.28 after ending the prior session at $4.24 and reaching an intraday high of $5.18; Nasdaq halted trading repeatedly that day. Investors have until September 8, 2026, to file a lead plaintiff motion, although they do not need to serve as lead plaintiff to participate in any recovery.