Class Action Lawsuit Filed Against Triller After Shares Fell 91.35% in Two Trading Sessions in Late 2025
Key Facts
A proposed securities class action was filed against Triller Group in the U.S. District Court for the Central District of California on October 14, 2026, according to Kehoe Law Firm. The lawsuit concerns statements by the company and its officers about its business, operations and compliance policies, and describes them as materially misleading. The proposed class covers purchasers or holders of the company’s securities between October 16, 2024, and December 29, 2025, as defined in the complaint. No ruling has established the company’s liability; the allegations are claims made by the plaintiffs. The move follows a sharp share-price decline at the end of 2025, while the company had also faced a trading suspension before its shares returned to Nasdaq in 2026.
An investor notice from Robbins LLP said Triller shares fell $3.38 per share, or 91.35%, over the next two trading sessions, closing at $0.32 on December 31, 2025. That percentage relates to the stock’s movement during that historical period and does not mean Nasdaq permanently delisted it. EL7 data show the stock, under the ticker ILLR, closed at $0.0573 on October 26, 2026. The latest closing price places the stock’s move at a separate point in time from the December decline, and the EL7 data provided do not include the session low. The company’s trajectory thus combines a share-price decline and listing risks, with its trading status still subject to subsequent compliance developments.
The trading suspension stemmed from the company’s periodic reports. On December 26, 2025, a Nasdaq hearings panel declined to grant Triller another extension and decided to delist the securities and suspend trading at the market open on December 30, according to the U.S. Securities and Exchange Commission’s record. On December 31, the SEC rejected the company’s request to stay Nasdaq’s decision while the review process was pending, saying Triller had not demonstrated a likelihood of success on its stay request. The shares and warrants then returned to trading on Nasdaq before the market opened on April 16, 2026. The return followed the filing of the annual Form 10-K on April 14 and notification to Nasdaq on April 15. The 2025 suspension was therefore tied to periodic reports, while the return rested on meeting disclosure requirements.
After trading resumed, Triller received a new notice from Nasdaq on August 27, 2026, concerning the market value of its listed securities. The company said in a disclosure that a measurement over 30 consecutive business days, ending on August 25, showed the value no longer met the minimum threshold of $35 million. That shortfall allows Nasdaq to proceed with delisting, according to the disclosure filed with the SEC. Nasdaq gave the company seven calendar days to submit a plan aimed at regaining compliance. The hearings panel also retained jurisdiction over the listing status through October 14, 2026, according to Triller’s disclosure. The August notice represents a separate track from the earlier trading suspension over periodic reports.
The lawsuit defines a period for investors that includes those who bought or held Triller securities between October 16, 2024, and December 29, 2025, ending before the trading suspension scheduled for December 30. December 14, 2026, the date cited in the Robbins LLP notice, is the deadline for an investor to seek appointment as lead plaintiff in the lawsuit. The date concerns a procedural step in the case and is not a ruling on the merits of the allegations or their final outcome. According to the company’s disclosure, Nasdaq’s deadline for a compliance plan was seven calendar days after the August notice. Listing risks remain tied to the market-value requirement, while the lawsuit examines allegations concerning the company’s disclosures during the proposed class period.