#United States #New York #Class Action #The Gross Law Firm #PicS N.V.

Class Action Lawsuit Against PicS N.V.

On June 16, 2026, shareholders of PicS N.V. (NASDAQ: PICS) were alerted to a significant class action lawsuit filed by The Gross Law Firm. Any individual or entity that purchased shares in PicS during the designated class period is encouraged to reach out to the firm for potential inclusion in the lawsuit.

Key Information for Shareholders

The lawsuit targets all parties who acquired PicS Class A common stock around the time of the company's initial public offering (IPO) on January 30, 2026. The focus of the complaint is on a series of allegedly false and misleading statements made by PicS that left investors uninformed about the true nature of the company's financial standing and operational practices.

Allegations

The class action claims that the defendants failed to adequately disclose critical information, including:

1. Flawed Credit Evaluation: It was found that PicS N.V. conducted a review of its credit evaluation protocols in December 2025 and identified substantial deficiencies that required rectification. This oversight is particularly concerning given its implications for the company's financial health.

2. Reclassification of Exposures: As a result of the new credit evaluation protocols implemented late in 2025, PicS reclassified approximately R$590 million worth of assets. These were previously categorized under Stage 2 but had to be moved to Stage 3, leading to an additional expected credit loss of R$88 million for the quarter ending on December 31, 2025.

3. Increased Stage 3 Formation Rate: The complaint also indicates that the formation rate for Stage 3 loans surged beyond 7% in Q4 2025, significantly deviating from historical trends that potential investors were led to expect.

4. Misleading IPO Documents: The offering documents filed during the IPO allegedly overstated the quality of PicS N.V.'s credit models and data, misinforming investors about the company’s ability to monitor and assess credit risks.

5. Rising Risks of Default: Leading up to the IPO, PicS ventured into riskier business domains, resulting in unreported adverse financial conditions, including a rise in defaults that were projected to continue worsening post-IPO, thus impairing their business operations.

Important Dates and Next Steps

Shareholders who wish to participate in this case must register by August 4, 2026. Registration can be easily accomplished through the provided links. Participants enrolled will benefit from portfolio monitoring software, keeping them informed of the case's progress.

Even if an individual does not wish to be a lead plaintiff, they can still partake in any recovery.

Why Choose The Gross Law Firm?

The Gross Law Firm has established itself as a formidable advocate for investor rights in class action cases. Their mission includes protection against corporate malfeasance and ensuring companies uphold responsible business practices. The team aims to recover losses incurred from misleading practices that inflate stock prices artificially.

For further inquiries and addition information, shareholders can contact The Gross Law Firm at:

• - Address: 15 West 38th Street, 12th Floor, New York, NY, 10018
• - Phone: (646) 453-8903
• - Email: [email protected]

As this situation evolves, shareholders must remain vigilant and proactive to safeguard their investments. Depending on the litigation's outcome, substantial recoveries may be possible, particularly for those who have seen financial detriment as a result of the alleged mismanagement and misleading information presented by PicS N.V.