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Robbins LLP Reminds PICS Investors of the Pending Class Action Lawsuit; Harmed Investors Should Contact the Firm for Information About Leading the Class Action Against PicS N.V.
GlobeNewswire Inc.·
Robbins LLP is reminding investors in PicS N.V. (NASDAQ: PICS) of a pending class action lawsuit alleging the company misled investors during its January 2026 IPO. The complaint claims PicS failed to disclose significant credit quality deterioration, including reclassification of R$590 million in credit exposures and an elevated Stage 3 formation rate exceeding 7%. Following the company's March 2026 earnings disclosure, PICS stock declined over 50% from its $19 IPO price to below $9 by June 2026.
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