Pomerantz LLP has filed a class action lawsuit against PicS N.V. concerning potential securities fraud or unlawful business practices. Investors who purchased or acquired PicS securities during the Class Period have until August 4, 2026, to seek appointment as Lead Plaintiff. The complaint follows a March 19, 2026, disclosure that PicS reclassified R$590 million of Stage 2 portfolio balances to Stage 3, its highest risk category, resulting in a $17.56 million increase in expected credit losses. On that news, PicS’s stock price fell $3.56 per share, or 22.5%, to close at $12.27. The firm advises affected investors to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980.
Picpay Holdings Netherlands N.V. Class A Common SharesClass action lawsuit for securities fraud and reclassification of loan portfolio leading to increased credit losses and stock price drop.