Public case informationLast updated

PicS IPO Securities Class Action

PicS · PicS Class A common stock sold in or traceable to the January 30, 2026 initial public offering · Ongoing Litigation

About this case

Investors allege that PicS and certain executives made false or misleading statements and omitted material information in offering documents for the company’s January 30, 2026 IPO, including information about credit-assessment procedures, credit quality, and financial risks. The action is pending in the U.S. District Court for the Southern District of New York.

Case overview

Defendant company
PicS
Product or service
PicS Class A common stock sold in or traceable to the January 30, 2026 initial public offering
Case name
FirstFire Global Opportunities Fund, LLC v. PicS N.V.
Court case number
26-cv-04793 (S.D.N.Y.)
Case status
Ongoing Litigation
Lawsuit type
Securities
Reported harm
Misrepresentation

Important dates

Lead-plaintiff application
Lead Plaintiff Application
Lead Plaintiff Application
Lead Plaintiff Application
Class action information request
Lead Plaintiff Application
Lead plaintiff application
Lead-plaintiff application
Lead plaintiff application
Lead Plaintiff Application
Lead Plaintiff Application
Lead Plaintiff Application
Lead Plaintiff Application
Lead Plaintiff Application
Lead plaintiff application
Lead Plaintiff Application
Lead Plaintiff Application
Lead plaintiff application

Participation information

Lead-plaintiff application

Investors who purchased PicS N.V. Class A common stock in or traceable to the IPO could seek appointment as lead plaintiff.

Submit information through the Robbins Geller intake page or contact the listed attorneys.

Type
Lead Plaintiff
Status
Deadline passed
Reported proof requirement
Unclear

Lead Plaintiff Application

Investors who purchased PicS Class A common stock in or traceable to the January 30, 2026 IPO and suffered losses could have requested appointment as lead plaintiff. Serving as lead plaintiff was not required to potentially share in any recovery.

The deadline to request appointment as lead plaintiff was August 4, 2026. The article provides contact information for Kahn Swick & Foti, LLC.

Type
Lead Plaintiff
Status
Deadline passed
Reported proof requirement
Unclear

Lead Plaintiff Application

Shareholders who purchased or otherwise acquired PicS Class A common stock pursuant to or traceable to the January 2026 initial public offering were notified of the deadline to seek appointment as lead plaintiff.

Move the court to serve as lead plaintiff by August 4, 2026. The article also directs interested investors to submit their information to Johnson Fistel, but no submission URL is provided.

Type
Lead Plaintiff
Status
Deadline passed
Reported proof requirement
Unclear

Lead Plaintiff Application

Investors who purchased PicS Class A common stock in or traceable to the January 30, 2026 initial public offering could request appointment as lead plaintiff, subject to the court's determination.

Request that the court appoint you as lead plaintiff by August 4, 2026. Serving as lead plaintiff was not required to share in any potential recovery.

Type
Lead Plaintiff
Status
Deadline passed
Reported proof requirement
Unclear

Class action information request

The law firm invites purchasers of PicS N.V. Class A common stock pursuant to or traceable to the January 30, 2026 initial public offering to contact it about the class action.

Submit an inquiry through the law firm's website.

Type
Law Firm Signup
Status
Deadline passed
Reported proof requirement
Unclear

Lead Plaintiff Application

Investors who purchased or otherwise acquired PicS Class A common stock in or traceable to the January 30, 2026 initial public offering and suffered losses were identified as potential lead-plaintiff applicants.

Applicants were required to ask the court to appoint them as lead plaintiff by August 4, 2026.

Type
Lead Plaintiff
Status
Deadline passed

Lead plaintiff application

Investors who purchased or acquired PicS Class A common stock in or traceable to the January 2026 IPO and suffered losses may have sought appointment as lead plaintiff.

Contact Kaplan Fox regarding the lead-plaintiff process.

Type
Lead Plaintiff
Status
Deadline passed
Reported proof requirement
Unclear

Lead-plaintiff application

Investors who purchased or otherwise acquired PicS Class A common stock pursuant or traceable to the January 2026 IPO and suffered losses were invited to seek appointment as lead plaintiff.

Contact The Law Offices of Frank R. Cruz for information about seeking appointment as lead plaintiff. The article states that class members do not need to take action to remain absent members of the class.

Type
Lead Plaintiff
Status
Deadline passed

Lead plaintiff application

Investors who purchased or otherwise acquired PicS common stock pursuant or traceable to the IPO could seek appointment as lead plaintiff.

A motion seeking appointment as lead plaintiff was required to be filed with the court by August 4, 2026.

Type
Lead Plaintiff
Status
Deadline passed
Reported proof requirement
Unclear

Lead Plaintiff Application

Investors who purchased PicS Class A common stock in or traceable to the January 30, 2026 IPO could apply to serve as lead plaintiff.

A lead plaintiff application had to be filed with the court by August 4, 2026.

Type
Lead Plaintiff
Status
Deadline passed
Reported proof requirement
Unclear

Lead Plaintiff Application

Shareholders who purchased or otherwise acquired PicS Class A common stock pursuant or traceable to the January 2026 initial public offering.

Move the court to serve as lead plaintiff in the action.

Type
Lead Plaintiff
Status
Deadline passed
Reported proof requirement
Unclear

Lead Plaintiff Application

Shareholders who purchased PicS shares pursuant to or traceable to the company's January 30, 2026 initial public offering and allegedly suffered losses were encouraged to seek appointment as lead plaintiff.

Contact Schall, Brown & Schwartz LLP regarding a possible lead plaintiff appointment.

Type
Lead Plaintiff
Status
Deadline passed
Reported proof requirement
Unclear

Lead Plaintiff Application

Investors who purchased PicS Class A common stock in or traceable to the January 30, 2026 IPO were identified as the proposed class.

The stated lead-plaintiff deadline was August 4, 2026.

Type
Lead Plaintiff
Status
Deadline passed

Lead Plaintiff Application

The article states that investors who purchased PicS shares pursuant to or traceable to the January 30, 2026 IPO and experienced an investment loss were encouraged to discuss their legal rights.

Contact Holzer & Holzer, LLC regarding the lead-plaintiff opportunity.

Type
Lead Plaintiff
Status
Deadline passed
Reported proof requirement
Unclear

Lead plaintiff application

Investors who purchased PicS Class A common stock in or traceable to the January 30, 2026 initial public offering were invited to seek appointment as lead plaintiff.

The stated lead plaintiff deadline was August 4, 2026. The article directed interested investors to contact Levi & Korsinsky, LLP.

Type
Lead Plaintiff
Status
Deadline passed

Lead Plaintiff Application

Investors who purchased PicS Class A common stock in or traceable to the January 30, 2026 initial public offering and suffered a loss could have sought appointment as lead plaintiff.

The deadline to request appointment as lead plaintiff was August 4, 2026. Serving as lead plaintiff was not required to share in any recovery.

Type
Lead Plaintiff
Status
Deadline passed
Reported proof requirement
Unclear

Lead Plaintiff Application

Shareholders who purchased PicS shares during or traceable to the January 30, 2026 initial public offering were encouraged to contact DJS Law Group regarding possible lead-plaintiff appointments.

Contact David J. Schwartz at DJS Law Group by phone at 914-206-9742 or email at David@djslawllp.com.

Type
Lead Plaintiff
Status
Deadline passed
Reported proof requirement
Unclear

Lead plaintiff application

Investors who purchased PicS Class A common stock in or traceable to the January 30, 2026 initial public offering could seek appointment as lead plaintiff.

Papers seeking appointment as lead plaintiff had to be filed by August 4, 2026.

Type
Lead Plaintiff
Status
Deadline passed
Reported proof requirement
Unclear

Sources