Unique York, Unique York–(Newsfile Corp. – July 24, 2026) – Kaplan Fox & Kilsheimer LLP publicizes that a class motion lawsuit has been filed in opposition to PicS N.V. (“PicS” or the “Firm”) (NASDAQ: PICS) on behalf of all other folks or entities who bought PicS Class A overall stock in and/or traceable to PicS’ initial public offering (“IPO”) on or around January 30, 2026.
When you would possibly per chance presumably successfully be an investor in PicS and enjoy suffered losses, you would possibly per chance presumably CLICK HERE to contact us. That you just would be in a position to presumably additionally contact Kaplan Fox by emailing [email protected] or by calling (646) 315-9003.
DEADLINE REMINDER: When you would possibly per chance presumably successfully be a member of the proposed Class, you would possibly per chance presumably pass the court docket no later than August 4, 2026 to assist as a lead plaintiff for the purported class. When you would possibly per chance presumably enjoy losses we assist you to contact us to be taught extra about the lead plaintiff direction of. You’d like no longer gaze to develop into a lead plaintiff in deliver to half in any imaginable restoration.
On or around January 30, 2026, PicS concluded its IPO, promoting roughly 22.9 million shares of Class A overall stock at $19 per half.
On March 19, 2026, lower than three months after the IPO, PicS released its fourth quarter and corpulent year 2025 monetary outcomes, which ended December 31, 2025 – earlier than the IPO. The Firm printed that in December 2025, as portion of the Firm’s “annual review of expected credit loss parameters,” the Firm had “utilized a stricter policy to bustle up the classification of renegotiated non-performing exposures from Stage 2 to Stage 3.” In consequence, “R$590 million of Stage 2 portfolio balances had been reclassified to Stage 3, leading to an ECL amplify of R$88 million in the quarter.” Stage 3 is the Firm’s absolute best risk category for its credit portfolio, or “credit impaired.”
On March 19, 2026, the associated rate of PicS shares fell $3.56 per half, or 22.5%, to end at $12.27 per half.
The criticism alleges, among varied issues, that in connection with the IPO, Defendants made unfounded and/or deceptive statements and/or didn’t inform that “(a) that PicS had done an review of its credit review procedures in December 2025 and likely that such procedures had been uncomfortable and in want of enhancement; (b) that, due to the fresh procedures the Firm had utilized in December 2025, PicS had reclassified roughly R$590 million of exposures beforehand classified as Stage 2 to Stage 3, leading to an incremental ECL charge of R$88 million in the three months ended December 31, 2025; (c) that PicS had skilled a heightened, but unreported, Stage 3 formation price of greater than 7% in the fourth quarter of 2025 that deviated severely from the historical outcomes and developments supplied in the Offering Documents; (d) that the Offering Documents had materially overstated the quality and skill of the Firm’s credit devices and user files to dispute the Firm’s underwriting practices and to permit PicS to timely and successfully video show, assess, and name detrimental credit events, credit risks, and credit deterioration across its portfolio; and (e) that PicS suffered from degradations in buyer credit quality and heightened risks of default and loan impairment because of its entrance into materially riskier industrial strains leading up to the IPO, leading to undisclosed detrimental monetary and operational developments equivalent to heightened incidents of default, which predated the IPO and had been internally projected by PicS to proceed to irritate following the IPO, materially impairing the Firm’s industrial, operations, and monetary outcomes.”
The criticism alleges that as of June 4, 2026, PicS Class A overall stock fell to a low of lower than $9 per half, representing a greater than 50% decline from the $19 per half IPO mark.
WHY CONTACT KAPLAN FOX?
Kaplan Fox & Kilsheimer LLP is a nationally identified law firm centered on complicated litigation, with locations of work in Unique York, Oakland, Los Angeles, Chicago, and Unique Jersey. Based in 1956, the firm has spent greater than 50 years prosecuting securities, antitrust, and user protection actions in federal and articulate courts nationwide, recovering greater than $10 billion for customers and the classes it has represented.
Kaplan Fox is widely regarded as as one among the nation’s premier plaintiffs’ securities litigation companies and has got recognition from Chambers and Companions, Benchmark Litigation, Neat Attorneys, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured one of the greatest recoveries in the history of securities litigation, including a $2.425 billion restoration on behalf of Bank of The USA shareholders in In re Bank of The USA —the greatest restoration ever got for claims under Half 14(a) of the Securities Alternate Act—$800 million recovered for the Arkansas Trainer Retirement System and varied pension funds in ATRS v. Allianz World Investors, and a $475 million settlement in In re Merrill Lynch.
For a long time, Kaplan Fox has represented public pension funds, institutional investors, companies, and other folks in high-stakes litigation. Thru its worthwhile advocacy and precedent-surroundings victories, the firm has helped form crucial areas of securities and corporate law while advancing accountability and keeping investor pursuits.
This press begin would possibly per chance successfully be notion to be Attorney Selling in some jurisdictions under the appropriate law and moral guidelines. Previous outcomes attain no longer guarantee future outcomes.
When you would possibly per chance presumably enjoy any questions about this Stare, your rights, or your pursuits, please contact:
CONTACT:
Pamela A. Mayer
800 Third Avenue, Thirty eighth Floor
Unique York, Unique York 10022
(646) 315-9003
Laurence D. King
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704
Contacting or submitting files to Kaplan Fox & Kilsheimer LLP doesn’t develop an lawyer-client relationship, nor an duty on the portion of Kaplan Fox to assist you as a shopper.
https://www.kaplanfox.com/case/pics-n-v-class-motion-alert-be taught-extra-now/
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