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Practice Area: Securities Fraud & Investor Protection
Case Status: Pending
Ticker Symbol: NADAQ: PICS
Investigation Deadline: August 4, 2026
National plaintiffs’ law firm Berger Montague PC announces a class action lawsuit against PicS N.V. (NASDAQ: PICS) (“PicS” or the “Company”) on behalf of investors who purchased or acquired PicS Class A common stock during the period from January 27, 2026 through June 5, 2026 (the “Class Period”), including in or traceable to the Company’s initial public offering (“IPO”).
Investor Deadline: Investors who purchased or acquired PicS securities during the Class Period may, no later than August 4, 2026, seek to be appointed as a lead plaintiff representative of the class.
PicS N.V., headquartered in São Paulo, Brazil, is a digital financial services company offering credit and lending products primarily to underserved consumer and small business segments. The Company completed its initial public offering on the Nasdaq in January 2026.
According to the lawsuit, PicS’s IPO offering documents were false and misleading in that, among other things, they failed to disclose that the Company had overhauled its credit evaluation procedures in December 2025 after finding them deficient, reclassified approximately R$590 million in loan exposures to a higher-risk category, and concealed a materially elevated rate of new nonperforming loans in the fourth quarter of 2025 that deviated significantly from the historical trends presented to investors.
As the true state of the Company’s business became known, PicS shares declined dramatically, causing substantial investor losses. By June 4, 2026, the Company’s Class A shares had fallen to less than $9.00 per share, a decline of more than 50% from the $19.00 IPO price.
If you are a PicS investor and would like to learn more about this action, please contact Berger Montague: Andrew Abramowitz at aabramowitz@bergermontague.com or (215) 875-3015, or Caitlin Adorni at cadorni@bergermontague.com or (267) 764-4865.
About Berger Montague
Berger Montague is one of the nation’s preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.
For more information or to discuss your rights, please contact:
Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
aabramowitz@bergermontague.com
Caitlin Adorni
Director of Portfolio and Institutional Client Monitoring Services
Berger Montague
(267) 764-4865
cadorni@bergermontague.com
Director of Portfolio and Institutional Client Monitoring Services
A class action has been filed against the company over losses suffered by investors and Berger Montague is currently speaking with investors about their options.
Your information will be reviewed by our legal team. If you appear eligible, we will contact you as soon as possible to discuss next steps and answer any questions you may have.
Yes. Any information you provide will be kept secure and used only for purposes related to this investigation.
No. An initial consultation is completely free of charge. If you qualify, you will not be asked to pay any upfront legal fees.
