Triller Group Inc. Class Action Lawsuit - ILLR

Company
Triller Group Inc. (NASDAQ: ILLR)
Lead Plaintiff Deadline
December 14, 2026 (54 Days Left)
Class Period
October 16, 2024 - December 29, 2025

54
Days Left

Lead Plaintiff Deadline

Dec 14, 2026

Check Eligibility in the Triller Group Inc. Class Action

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  • $500,000+

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Certification of Plaintiff Pursuant to Federal Securities Laws

I, duly certify and say, as to the claims asserted under the federal securities laws, that:

1.I have reviewed a complaint filed in the action.

2.I did not purchase the security that is the subject of this action at the direction of plaintiff's counsel or in order to participate in this action.

3.I am willing to serve as a representative party on behalf of the class, including providing testimony at deposition and trial, if necessary.

4.My transaction(s) in which are the subject of this litigation during the class period set forth in the complaint are set forth in the chart attached hereto.

5.Within the last 3 years,

6.I will not accept any payment for serving as a representative party on behalf of the class beyond the Plaintiff's pro rata share of any recovery, except as ordered or approved by the court, including any award for reasonable costs and expenses (including lost wages) directly relating to the representation of the class.

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Signed pursuant to California Civil Code Section 1633.1, et seq. - and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

By your signature above, you confirm that have retained Levi & Korsinsky, LLP to represent you and the shareholder class as a lead plaintiff in the pending class action against Triller Group Inc. This representation will be on a contingency basis, meaning that Levi & Korsinsky will advance all expenses in the litigation and will only seek compensation and/or reimbursement of expenses if the firm obtains a recovery. Regardless of the result, we will never ask you to directly pay for any attorneys’ fees, expenses, or costs. Should we obtain a favorable result, we may ask the court to award us compensation and reimbursement of expenses to be paid by the defendants or as a portion of any class recovery. In exchange for our representation, you agree to cooperate as our client by providing, for example, relevant documents and deposition testimony, if necessary. During the course of this litigation, we may employ and/or work with other law firms, experts, and third-parties to successfully prosecute this action. If you are not appointed as the lead plaintiff or Levi & Korsinsky is not appointed as lead counsel, we will notify you of such decision at which time this representation will end unless otherwise extended by you and the firm. We look forward to working with you towards a successful resolution of this action.

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Allegations

The filed complaint alleges that Triller Group Inc made materially false and/or misleading statements and/or failed to disclose that: (i) Triller’s control over and consolidation of BKFC was tenuous, overstated, and/or non-existent; (ii) Triller could not timely file one or more of its periodic financial reports with the SEC as required by the NASDAQ’s listing requirements, in part, because of accounting issues related to the foregoing; (iii) as a result of all the foregoing, Triller was at an increased risk of being delisted from the NASDAQ; (iv) accordingly, Triller’s disclosure controls and procedures were deficient, the full scope and severity of issues with its financial controls were understated, and the overall benefits of the Merger were overstated; (v) defendants likewise overstated Triller’s ability to address its non-compliance with the NASDAQ’s listing requirements; and (vi) as a result, defendants’ public statements were materially false and misleading at all relevant times.

Eligibility

Investors who purchased or otherwise acquired Triller Group Inc. securities within the class period described above and suffered losses may be eligible.

Lead Plaintiff Deadline

If you suffered a loss in Triller Group Inc. during the relevant time frame or pursuant to the relevant offering(s), you have until December 14, 2026 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Triller Group Inc Class Action Lawsuit Details

Key Facts About Triller Group Inc. (NASDAQ: ILLR)

●       The Allegation: The complaint alleges Triller made materially false and misleading statements by touting its control over and consolidation of Bare Knuckle Fighting Championship (BKFC), a combat sports promotion, while allegedly concealing that this control was tenuous, overstated, or non-existent, and that related accounting issues contributed to the Company's inability to timely file its periodic reports with the SEC, placing it at increased risk of delisting from the NASDAQ.

●       The Stock Drop: On December 31, 2025, ILLR fell $3.38 per share (91.35%) to close at $0.32 per share over two trading sessions after Triller disclosed receipt of a NASDAQ Hearings Panel letter confirming suspension and delisting of its securities; earlier, on April 1, 2025, ILLR fell $1.40 per share (17.95%) to close at $6.40 per share after Triller disclosed it could not timely file its 2024 annual report; on May 27, 2025, ILLR fell $1.50 per share (19.74%) to close at $6.10 per share after Triller disclosed another NASDAQ delinquency notice over its late Q1 2025 report; and on November 24, 2025, ILLR fell $0.71 per share (14.7%) to close at $4.12 per share after Triller disclosed an additional delisting determination letter.

●       Class Period & Defendants: The class period runs from October 16, 2024 through December 29, 2025, inclusive. The named defendants are Triller Group Inc., Robert E. Diamond, Jr. (Chairman of the Board of Directors until December 12, 2024), Wing Fai Ng (Chief Executive Officer and Executive Director), and Desmond Pei Huang Shu (Acting Chief Financial Officer).

●       Lead Plaintiff Deadline: December 14, 2026. Investors who wish to seek appointment as lead plaintiff must apply by the deadline.

Triller Class Action Summary

Company

Triller Group Inc. (NASDAQ: ILLR)

Lead Plaintiff Deadline

December 14, 2026

Class Period

October 16, 2024 – December 29, 2025

Stock Drop

December 31, 2025 – ILLR fell $3.38 (91.35%) to $0.32; April 1, 2025 – ILLR fell $1.40 (17.95%) to $6.40; May 27, 2025 – ILLR fell $1.50 (19.74%) to $6.10; November 24, 2025 – ILLR fell $0.71 (14.7%) to $4.12

Introduction

A securities fraud class action has been filed against Triller Group Inc. (NASDAQ: ILLR) on behalf of investors. The plaintiff brings the case for those who bought Triller securities between October 16, 2024 and December 29, 2025. The lawsuit names the Company and three individual defendants, including current officers and a former board chairman.

The complaint alleges Triller made materially false and misleading statements about its business. It claims the Company touted its control over BKFC, a combat sports promotion, but hid that this control was weak or did not exist. The lawsuit says accounting problems tied to BKFC contributed to Triller's inability to file its reports with the SEC on time.

The complaint alleges these problems put Triller at growing risk of being delisted from the NASDAQ. As the alleged truth began to emerge, the stock fell sharply following several disclosures. On its final two-day drop, ILLR fell more than 91% to close at $0.32 per share, and the lawsuit claims investors suffered significant losses.

Company Profile

Triller Group Inc. was formerly known as AGBA Group Holding Limited, which operated as a wealth management and healthcare institution based in Hong Kong. On October 15, 2024, AGBA completed a merger with Triller Corp., an artificial intelligence-driven social media and live-streaming platform for creators, after which the combined company changed its name to Triller Group Inc. Among the assets touted post-merger was Bare Knuckle Fighting Championship (BKFC), a combat sports promotion the Company described as the fastest-growing combat league in the industry. Triller's common stock and warrants traded on the NASDAQ under the ticker symbols ILLR and ILLRW, respectively.

Class Period

October 16, 2024–December 29, 2025

Investors who purchased or acquired Triller Group Inc. (ILLR) securities during the Class Period may be eligible to seek recovery under the federal securities laws.

Allegations

The complaint alleges that throughout the Class Period, Triller and its senior officers made materially false and misleading statements regarding the Company's business, operations, and compliance policies. The case centers on the combined company that emerged from the October 15, 2024 merger between AGBA Group Holding Limited and Triller Corp., after which the Company renamed itself under the acquired brand and domesticated in the United States as a Delaware corporation. Beginning October 16, 2024, Triller securities traded on the NASDAQ, subjecting the Company to the exchange's listing and periodic filing requirements.

According to the complaint, the Company repeatedly promoted BKFC as one of its most valuable assets, describing it in press releases and investor presentations as the fastest-growing combat sports promotion and touting its reach across tens of millions of viewers and dozens of countries. The lawsuit claims that in a June 2, 2025 press release, Triller even stated it was not exploring any scenarios that would affect its majority control over BKFC. In quarterly filings, defendants Ng and Shu certified that the Company's disclosure controls and procedures were effective and that reports did not omit material facts.

The complaint alleges these statements were materially false and misleading because Triller's control over and consolidation of BKFC was tenuous, overstated, or non-existent. It claims the Company could not timely file one or more of its periodic financial reports with the SEC, in part because of accounting issues related to BKFC, leaving Triller at increased risk of being delisted from the NASDAQ. The lawsuit further alleges that the Company's disclosure controls were deficient, that the full scope and severity of its financial control issues were understated, and that the overall benefits of the merger were overstated.

The filing also alleges violations of Item 303 of SEC Regulation S-K, contending that defendants failed to disclose known trends and uncertainties, including the weakness of Triller's control over BKFC and its inability to timely file required reports. The complaint claims defendants knew or recklessly disregarded these facts, noting that defendant Diamond sold over a million shares during the Class Period, enriching himself by over $2 million.

The Truth Emerges

The complaint alleges the truth began to surface on March 31, 2025, when Triller filed a Form NT 10-K disclosing it could not timely file its annual report for the year ended December 31, 2024 because it needed additional time to finalize its financial statements. In the following weeks and months, Triller disclosed a series of delinquency notification letters from the NASDAQ Listing Qualifications Staff over its failure to timely file its 2024 annual report and successive quarterly reports, each time assuring investors it was working diligently to regain compliance.

The situation escalated as the Company disclosed delisting determination letters in October and November 2025, again reassuring investors it would demonstrate its ability to regain and sustain long-term compliance. The lawsuit claims these reassurances continued to inflate the stock price even as the risk of delisting mounted. On December 30, 2025, Triller disclosed receipt of a determination letter from a NASDAQ Hearings Panel confirming the suspension of trading effective at the market open that day and the delisting of its securities, stemming from the Company's failure to file two periodic reports by a December 24, 2025 deadline.

According to the complaint, that December 30 disclosure attributed the filing delay primarily to one remaining technical matter involving the consolidation of accounts for a U.S.-based operation, which the lawsuit identifies as BKFC. The complaint alleges the full picture emerged after the Class Period, when a January 26, 2026 Form 8-K disclosed that BKFC should be deconsolidated as of the October 15, 2024 acquisition date because the Company had lost control over it, and the belatedly filed 2024 annual report identified a material weakness related to the Company's failure to properly apply consolidation accounting standards to its investment in BKFC.

Market Reaction

The complaint describes a series of stock declines as the Company's filing failures and delisting risk came to light. On April 1, 2025, Triller's stock price fell $1.40 per share, or 17.95%, to close at $6.40 per share after the Company disclosed it could not timely file its 2024 annual report. On May 27, 2025, the stock fell $1.50 per share, or 19.74%, to close at $6.10 per share following another NASDAQ delinquency notice, and on November 24, 2025, the stock fell $0.71 per share, or 14.7%, to close at $4.12 per share after an additional delisting determination letter.

The most severe decline came at the end of the Class Period. According to the complaint, after Triller disclosed on December 30, 2025 that a NASDAQ Hearings Panel had confirmed the suspension of trading and delisting of its securities, the stock price fell $3.38 per share, or 91.35%, over the following two trading sessions, to close at $0.32 per share on December 31, 2025. The lawsuit alleges that these declines caused significant losses for investors who purchased Triller securities at artificially inflated prices.

Next Steps

●       Lead Plaintiff Deadline: December 14, 2026

●       After the lead plaintiff deadline, the Court will consider any lead plaintiff motions. 

●       Defendants may file a motion to dismiss.

●       If the case proceeds, the Court may later consider class certification.

Disclaimer: This shareholder alert is for informational purposes only and does not constitute legal advice. Consult a qualified attorney for personalized guidance. Prior results do not guarantee similar outcomes.

Frequently Asked Questions

What is the Triller Group securities class action lawsuit about?

The lawsuit alleges that Triller Group Inc. (NASDAQ: ILLR) and certain officers made materially false and misleading statements between October 16, 2024 and December 29, 2025. According to the complaint, the Company touted its control over and consolidation of Bare Knuckle Fighting Championship (BKFC) while allegedly concealing that this control was tenuous, overstated, or non-existent. The complaint claims that related accounting issues contributed to Triller's inability to timely file its periodic reports with the SEC, placing it at increased risk of delisting from the NASDAQ. The alleged concealment, the complaint states, kept the stock price artificially inflated throughout the Class Period.

Who is covered by the Triller class period?

The class period runs from October 16, 2024 through December 29, 2025, inclusive. Investors who purchased or acquired Triller Group Inc. (ILLR) securities during this period may be eligible to seek recovery under the federal securities laws. According to the complaint, the class consists of all persons and entities, other than the defendants, that purchased or otherwise acquired Triller securities during that window and were damaged upon the revelation of the alleged corrective disclosures. The complaint states that Triller securities traded actively on the NASDAQ throughout the Class Period under the ticker symbol ILLR.

What happened to Triller's stock after the alleged disclosures?

The complaint describes several stock drops tied to disclosures about Triller's filing failures and delisting risk. On April 1, 2025, ILLR fell 17.95% to close at $6.40 after the Company disclosed it could not timely file its 2024 annual report. On May 27, 2025, it fell 19.74% to $6.10, and on November 24, 2025, it fell 14.7% to $4.12. The largest decline came after Triller disclosed on December 30, 2025 that a NASDAQ Hearings Panel confirmed the suspension and delisting of its securities, with the stock falling 91.35% over two sessions to close at $0.32 per share on December 31, 2025.

What role does BKFC play in the allegations?

According to the complaint, Bare Knuckle Fighting Championship (BKFC), a combat sports promotion, was central to Triller's investment thesis and was widely touted as one of the most valuable assets acquired in the October 2024 merger. The lawsuit alleges that Triller repeatedly promoted its control over BKFC while concealing that this control was tenuous, overstated, or non-existent. The complaint notes that a post-Class Period Form 8-K filed January 26, 2026 disclosed that BKFC should have been deconsolidated as of the acquisition date because the Company had lost control over it, and the Company identified a related material weakness in its internal controls.

Who are the defendants in the Triller lawsuit?

The complaint names Triller Group Inc. and three individual defendants. Robert E. Diamond, Jr. served as Chairman of the Board of Directors until December 12, 2024, and the complaint alleges he sold over a million shares during the Class Period, enriching himself by over $2 million. Wing Fai Ng served as Chief Executive Officer and Executive Director at all relevant times, and Desmond Pei Huang Shu served as Acting Chief Financial Officer at all relevant times. According to the complaint, the individual defendants possessed the power and authority to control the contents of Triller's SEC filings, press releases, and other market communications.

What is the lead plaintiff deadline?

The lead plaintiff deadline is December 14, 2026.

What does it mean to serve as lead plaintiff?

Under the federal securities laws, the court appoints a lead plaintiff to represent the interests of the proposed class in the litigation. The lead plaintiff is typically an investor with a significant financial interest in the case who is willing to oversee the action on behalf of other class members. Investors who wish to seek appointment as lead plaintiff must apply by the deadline. According to the complaint, the named plaintiff, Derek Stauber, acquired Triller securities during the Class Period and seeks to serve as a representative party on behalf of the proposed class of investors.

What is the Triller lawsuit about?

The complaint alleges Triller Group Inc. (NASDAQ: ILLR) made materially false and misleading statements by touting its control over BKFC while concealing that the control was tenuous or non-existent, and that related accounting issues contributed to its inability to timely file reports, placing it at risk of NASDAQ delisting.

Who may be eligible?

Investors who purchased or acquired Triller (ILLR) securities between October 16, 2024 and December 29, 2025 may be eligible to seek recovery under the federal securities laws.

How much did the stock fall?

The complaint states ILLR fell 91.35% over two sessions to close at $0.32 per share on December 31, 2025, after Triller disclosed the suspension and delisting of its securities, with earlier drops in April, May, and November 2025.

What is the lead plaintiff deadline?

The lead plaintiff deadline is December 14, 2026.

Deadline
Dec 14, 2026


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