{"success":true,"data":{"pressRelease":{"id":"127224","rtpr_id":"nGNX9jZMKg","ticker":"MGN","exchange":"NASDAQ","all_tickers":["MGN"],"title":"Portnoy Law Firm Announces Class Action on Behalf of Megan Holdings Limited Investors","author":"Globe Newswire","published_at":"2026-08-25T13:30:00.387Z","article_body":"LOS ANGELES, Aug. 25, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm\n(https://www.globenewswire.com/Tracker?data=bx0KEnfV5m0XL7bCw-N0txwlZNwwBpU6hRMiCVfeUVDl82FO5_f7ySG7io6Drp6SXLv56BIaMt3GegFQ40QLnxLFcwB50YtFBTjgC8UV3jWJXsbJuX96ABQGKbWopIGD)\nadvises Megan Holdings Limited, (“Megan” or the \"Company\") (NASDAQ: MGN)\ninvestors of a class action on behalf of investors that bought securities\nbetween September 26, 2025 - March 25, 2026, inclusive (the “Class\nPeriod”). Megan investors have until September 8, 2026 to file a lead\nplaintiff motion.\n\nInvestors are encouraged to contact attorney Lesley F. Portnoy\n(https://www.globenewswire.com/Tracker?data=URYrf3fOuN9ozeOuSc6v0GAFYjoZNgRYkUzr-p35ZC_WkvDyu2LKXLDoNYWo6uC0VTNqqYFtqJpVb0nwBquhBCE4AVUlQyQNPasI3IY_p_DX3ZC31ZHRZpfQRV3swg2a), by\nphone 310-692-8883 or email\n(https://www.globenewswire.com/Tracker?data=C_sIKWRIlWOm4vb-kK_KXoeNw2xH5r_A6oMIy3yNRrLcoZy9nc_r_gFN-1fuXBwMtj6WycE2DhvRMRCTRx64IhsBf3oFw0FVPHKJosotlFY=):\nlesley@portnoylaw.com, to discuss their legal rights, or join the case\nvia https://portnoylaw.com/megan-holdings-limited. The Portnoy Law Firm can\nprovide a complimentary case evaluation and discuss investors’ options for\npursuing claims to recover their losses.\n\nOn or around September 26, 2026, Megan conducted its initial public offering\n(“IPO”), selling 1.25 million ordinary shares priced at $4.00 per share. A\nComplaint has been filed on behalf of investors who purchased Megan shares (i)\npursuant and/or traceable to the IPO, and/or (ii) between September 26, 2025\nand March 25, 2026 (the “Class Period”). The Complaint specifically\nalleges that, although public filings and news regarding the Company were\nscarce following the IPO, even as both the stock price and trading volume\nsurged throughout the Class Period, a coordinated effort was made on social\nmedia and messaging applications, such as WhatsApp, to “pump” Megan’s\nshare price, led by stock promoters posing as financial advisors. The\nComplaint alleges that these stock promoters used aliases and false\nphotographs to conceal their true identities and were key cogs in the stock\nmanipulation scheme surrounding Megan. On March 26, 2026, the Company’s\nmarket value collapsed 93.4% to close at $0.28 per share, down from $4.24 per\nshare at close (and $5.18 per share at intraday high) on March 25, 2026. On\nMarch 26, 2026, after the first minute of trading, NASDAQ halted trading of\nMegan shares. Between 9:30 AM EDT and 10:02:01 AM EDT, trading in Megan shares\nwould be halted five separate times, only reopening for brief windows of\nseconds and minutes. The Company’s stock would also be halted three\nadditional times throughout the day at 10:29:01 AM EDT, 10:49:37 AM EDT, and\n11:10:58 AM EDT. As of the filing of the Complaint, Megan’s stock had not\nrecovered and continued to trade below $0.28 per share.\n\nThe Portnoy Law Firm represents investors in pursuing claims caused by\ncorporate wrongdoing. The Firm’s founding partner has recovered over $5.5\nbillion for aggrieved investors. Attorney advertising. Prior results do not\nguarantee similar outcomes.\n\nLesley F. Portnoy, Esq.\nAdmitted CA, NY and TX Bar\nlesley@portnoylaw.com\n310-692-8883\nwww.portnoylaw.com \n\nAttorney Advertising\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/ea0dd9c0-6e41-4d5a-ad27-b277677af6df)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX9jZMKg","title":"Portnoy Law Firm Announces Class Action on Behalf of Megan Holdings Limited Investors","author":"Globe Newswire","ticker":"MGN","created":"2026-08-25T13:30:00.387Z","tickers":["MGN"],"exchange":"NASDAQ","article_body":"LOS ANGELES, Aug. 25, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm\n(https://www.globenewswire.com/Tracker?data=bx0KEnfV5m0XL7bCw-N0txwlZNwwBpU6hRMiCVfeUVDl82FO5_f7ySG7io6Drp6SXLv56BIaMt3GegFQ40QLnxLFcwB50YtFBTjgC8UV3jWJXsbJuX96ABQGKbWopIGD)\nadvises Megan Holdings Limited, (“Megan” or the \"Company\") (NASDAQ: MGN)\ninvestors of a class action on behalf of investors that bought securities\nbetween September 26, 2025 - March 25, 2026, inclusive (the “Class\nPeriod”). Megan investors have until September 8, 2026 to file a lead\nplaintiff motion.\n\nInvestors are encouraged to contact attorney Lesley F. Portnoy\n(https://www.globenewswire.com/Tracker?data=URYrf3fOuN9ozeOuSc6v0GAFYjoZNgRYkUzr-p35ZC_WkvDyu2LKXLDoNYWo6uC0VTNqqYFtqJpVb0nwBquhBCE4AVUlQyQNPasI3IY_p_DX3ZC31ZHRZpfQRV3swg2a), by\nphone 310-692-8883 or email\n(https://www.globenewswire.com/Tracker?data=C_sIKWRIlWOm4vb-kK_KXoeNw2xH5r_A6oMIy3yNRrLcoZy9nc_r_gFN-1fuXBwMtj6WycE2DhvRMRCTRx64IhsBf3oFw0FVPHKJosotlFY=):\nlesley@portnoylaw.com, to discuss their legal rights, or join the case\nvia https://portnoylaw.com/megan-holdings-limited. The Portnoy Law Firm can\nprovide a complimentary case evaluation and discuss investors’ options for\npursuing claims to recover their losses.\n\nOn or around September 26, 2026, Megan conducted its initial public offering\n(“IPO”), selling 1.25 million ordinary shares priced at $4.00 per share. A\nComplaint has been filed on behalf of investors who purchased Megan shares (i)\npursuant and/or traceable to the IPO, and/or (ii) between September 26, 2025\nand March 25, 2026 (the “Class Period”). The Complaint specifically\nalleges that, although public filings and news regarding the Company were\nscarce following the IPO, even as both the stock price and trading volume\nsurged throughout the Class Period, a coordinated effort was made on social\nmedia and messaging applications, such as WhatsApp, to “pump” Megan’s\nshare price, led by stock promoters posing as financial advisors. The\nComplaint alleges that these stock promoters used aliases and false\nphotographs to conceal their true identities and were key cogs in the stock\nmanipulation scheme surrounding Megan. On March 26, 2026, the Company’s\nmarket value collapsed 93.4% to close at $0.28 per share, down from $4.24 per\nshare at close (and $5.18 per share at intraday high) on March 25, 2026. On\nMarch 26, 2026, after the first minute of trading, NASDAQ halted trading of\nMegan shares. Between 9:30 AM EDT and 10:02:01 AM EDT, trading in Megan shares\nwould be halted five separate times, only reopening for brief windows of\nseconds and minutes. The Company’s stock would also be halted three\nadditional times throughout the day at 10:29:01 AM EDT, 10:49:37 AM EDT, and\n11:10:58 AM EDT. As of the filing of the Complaint, Megan’s stock had not\nrecovered and continued to trade below $0.28 per share.\n\nThe Portnoy Law Firm represents investors in pursuing claims caused by\ncorporate wrongdoing. The Firm’s founding partner has recovered over $5.5\nbillion for aggrieved investors. Attorney advertising. Prior results do not\nguarantee similar outcomes.\n\nLesley F. Portnoy, Esq.\nAdmitted CA, NY and TX Bar\nlesley@portnoylaw.com\n310-692-8883\nwww.portnoylaw.com \n\nAttorney Advertising\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/ea0dd9c0-6e41-4d5a-ad27-b277677af6df)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-08-25T13:30:00.428935734Z","server_sent_at_ms":1787664600428},"received_at":"2026-08-25T13:30:00.480Z","source_url":null},"analysis":{"id":"116148","press_release_id":"127224","analysis_json":{"industry":null,"redFlags":["Complaint alleges pump-and-dump scheme via social media","Stock collapsed 93.4% in one day","Trading halted multiple times by NASDAQ"],"eventType":"legal_litigation","narrative":"Portnoy Law Firm issued a shareholder-solicitation notice naming Megan Holdings Limited (MGN) regarding a class action lawsuit; no new disclosure from the company itself.\n\nThe Complaint alleges a pump-and-dump scheme involving social media promoters that preceded a 93.4% stock price collapse and multiple trading halts on March 26, 2026.\n\nInvestors who purchased shares between September 26, 2025, and March 25, 2026, have until September 8, 2026, to file a lead plaintiff motion.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{},"quotedText":"","namedEntities":{"people":[{"name":"Lesley F. Portnoy","role":"Attorney"}],"products":[],"companies":[{"name":"Megan Holdings Limited","ticker":"MGN","relationship":"defendant"},{"name":"Portnoy Law Firm","relationship":"plaintiff law firm"},{"name":"NASDAQ","relationship":"exchange"}],"dollarAmounts":[{"amount":"$4.00","context":"IPO price per share"},{"amount":"$0.28","context":"closing price on March 26, 2026"},{"amount":"$4.24","context":"closing price on March 25, 2026"},{"amount":"$5.18","context":"intraday high on March 25, 2026"},{"amount":"$5.5 billion","context":"total recovered by Portnoy Law Firm (past results)"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm shareholder solicitation issued by Portnoy Law Firm. No new disclosure from the issuer; no certified class, no settlement. Routine lead-plaintiff-deadline reminder."},"tickerRelevance":{"others":[],"primary":"MGN"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Portnoy Law Firm issued a shareholder-solicitation notice naming Megan Holdings Limited (MGN) regarding a class action lawsuit; no new disclosure from the company itself.\n\nThe Complaint alleges a pump-and-dump scheme involving social media promoters that preceded a 93.4% stock price collapse and multiple trading halts on March 26, 2026.\n\nInvestors who purchased shares between September 26, 2025, and March 25, 2026, have until September 8, 2026, to file a lead plaintiff motion.","key_figures":{},"named_entities":{"people":[{"name":"Lesley F. Portnoy","role":"Attorney"}],"products":[],"companies":[{"name":"Megan Holdings Limited","ticker":"MGN","relationship":"defendant"},{"name":"Portnoy Law Firm","relationship":"plaintiff law firm"},{"name":"NASDAQ","relationship":"exchange"}],"dollarAmounts":[{"amount":"$4.00","context":"IPO price per share"},{"amount":"$0.28","context":"closing price on March 26, 2026"},{"amount":"$4.24","context":"closing price on March 25, 2026"},{"amount":"$5.18","context":"intraday high on March 25, 2026"},{"amount":"$5.5 billion","context":"total recovered by Portnoy Law Firm (past results)"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-25T16:01:23.218Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"micro-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"durationMs":204000,"modelName":"glm-4.7"}}