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INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in PicS N.V. of Class Action Lawsuit and Upcoming Deadlines – PICS
GlobeNewswire Inc.·
Pomerantz LLP has filed a class action lawsuit against PicS N.V. (NASDAQ: PICS) alleging securities fraud and unlawful business practices. The lawsuit stems from PicS's March 19, 2026 disclosure of significant changes to its Expected Credit Loss calculations, which resulted in reclassifying R$590 million of Stage 2 portfolio balances to Stage 3 (highest risk category). Following this announcement, PicS's stock price fell 22.5% from $15.83 to $12.27 per share. Investors have until August 4, 2026 to request Lead Plaintiff status.
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