#United States #New York #Levi & Korsinsky #securities lawsuit #PicS N.V.

Legal Alert: Securities Class Action Against PicS N.V.

Levi & Korsinsky, LLP has issued a notice to investors of PicS N.V. regarding an upcoming securities class action deadline. Investors who purchased PicS Class A common stock connected to the company's IPO on January 30, 2026, at $19.00 per share should be aware of their rights and the potential eligibility for recovery. Following this IPO, shares saw a plummet of over 52%, trading below $9.00.

This class action was filed in the United States District Court for the Southern District of New York, reflecting serious concerns about the validity of the registration statement published by PicS. Allegations indicate that the company presented a misleading picture of its financial health and credit portfolio.

Eligibility and Details

If you are among the shareholders who acquired shares through the Offering Documents—including the prospectus and registration statement—and have suffered financial losses, you may qualify for recovery. The deadline to apply for lead plaintiff status is set for August 4, 2026, so timely action is essential.

The legal action claims that the Offering Documents issued on January 28, 2026, misrepresented the condition of PicS' credit portfolio, omitted crucial facts necessary to clarify the true situation, and failed to comply with necessary securities regulations. Following an internal credit review conducted in December 2025, it was discovered that loan classifications and evaluations were not representative of the company's actual financial standing, with a reclassification of R$590 million in loans leading to significant defaults and a considerable expected credit loss.

Key Allegations

The allegations state that:

• - The Stage 3 formation rate of credit issues was significantly misrepresented, showing only a 3.6% rate at one point, while it had actually doubled before the IPO.
• - The company touted proprietary credit evaluation methods while concurrently acknowledging these methods required substantial overhauls.
• - Obligatory disclosures regarding known trends and risk factors were neglected, allowing the company to maintain a façade of stability.

With investor loss claims exceeding $10.00 per share post-IPO, the impact has been pronounced among those who relied on misleading company disclosures. The law protects investors under the PSLRA (Private Securities Litigation Reform Act), which allows individuals to reclaim losses from misleading securities issues.

To participate in this legal action, no monetary risk is required upfront, as the approach operates on a contingency basis. Thus, potential participants can pursue claims without immediate costs.

Next Steps for Investors

For those who have sold their shares but suffered losses, participation in the lawsuit remains an option, as eligibility is not contingent on current ownership of shares. A simple claim form submission is often sufficient to engage in recovery efforts, without necessitating personal court appearances.

Investors who wish to learn more about their rights and opportunities for recovery can reach out to Joseph E. Levi or Ed Korsinsky at Levi & Korsinsky, LLP at the contact information provided in their announcement. This firm has built a reputation over the years for advocating for shareholder rights and recovering significant sums for affected investors.

The significance of this class action serves as a reminder for investors to diligently review the validity of company disclosures and protect their investment interests. Immediate action is advisable for all potentially affected shareholders as the deadline approaches.

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Disclaimer: This article is for informational purposes only and does not constitute legal advice. Individuals should contact a qualified attorney for specific advice regarding their legal situation.