ARCA:IBTC 31 December 2025

July 1, 2026, 12:13 AM EDT. Investors in PicS N.V. (NASDAQ: PICS) have launched a securities fraud class action, alleging misstatements and omissions in IPO filings from January 30, 2026. The lawsuit says PicS didn't disclose holes in its credit evaluation procedures, shifted big credit exposures resulting in an $88 million charge, and failed to report a rise in credit risk. The action is in the Southern District of New York. Investors have until August 4, 2026, to move for lead plaintiff. Kessler Topaz Meltzer & Check LLP is handling the case and urging impacted investors to look into potential recovery.