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Kaplan Fox Reminds Lucid Group, Inc. (NASDAQ: LCID) Investors with Significant Losses to Seek a Leadership Role Before Deadline on July 28, 2026

NEW YORK, July 24, 2026 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against Lucid Group, Inc. (“Lucid” or the “Company”) (NASDAQ: LCID) on behalf of investors that purchased or otherwise acquired Lucid Group securities between February 25, 2026 and April 13, 2026 (the “Class Period”).

CLICK HERE TO JOIN THE CASE

If you are an investor in Lucid and have suffered losses, you may

CLICK HERE

to contact us. You may also contact Kaplan Fox by emailing

[email protected]

or by calling (646) 315-9003.

DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than July 28, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.

On Friday April 3, 2026, at the close of the market, Lucid issued in a press release stating that the Company “produced 5,500 vehicles” during the first quarter of 2026, while only “deliver[ing] 3,093 vehicles.” The press release further stated that “[d]uring the quarter, deliveries of the Lucid Gravity were disrupted for 29 days due to a supplier quality issue with the second-row seats” and, “[a]s result of this, the [C]ompany’s ability to meet customer demand was impacted.” That same day, Reuters published an article entitled “Lucid misses first-quarter vehicle delivery estimates on supplier disruptions.” According to the article Chief Executive Officer Marc Winterhoff, said “[d]eliveries were particularly hit in February” when the Company “paused to reverse the change and inspect vehicles already produced.”

In the first two trading sessions following the news, the price of Lucid shares declined by $1.13 per share, or 11.35%, to close at $8.83 per share on April 7, 2026.

Then, on April 14, 2026, Lucid announced preliminary first quarter 2026 financial results, including revenue in the range of $280 million to $284 million, well below the consensus estimate of $433.8 million according to the complaint, and loss from operations in the range of $985 million to $1.005 billion.

Following this news, the price of Lucid stock fell $0.44 per share, or 4.76%, to close at $8.80 per share on April 14, 2026.

The complaint alleges, among other things, that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (i) a supplier quality issue had significantly disrupted deliveries of the Lucid Gravity; (ii) the foregoing was likely to, and did, have a material negative impact on the Company’s business and financial results; (iii) accordingly, the Defendants had overstated the purported enhancements to Lucid’s manufacturing and delivery capabilities and overall operations; and (iv) as a result, Defendants’ public statements were materially false and misleading at all relevant times.

WHY CONTACT KAPLAN FOX?

Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.

Kaplan Fox is widely regarded as one of the nation’s premier plaintiffs’ securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.

For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.

If you have any questions about this Notice, your rights, or your interests, please contact:

CONTACT:

Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
[email protected]

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704
[email protected]

Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.

https://www.kaplanfox.com/case/lucid-group-inc-class-action-alert-learn-more-now/



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ArcBest Declares a $0.12/Share Quarterly Dividend

ArcBest Declares a $0.12/Share Quarterly Dividend

FORT SMITH, Ark.–(BUSINESS WIRE)–
The Board of Directors of ArcBest® (Nasdaq: ARCB) has declared a quarterly cash dividend of twelve cents ($0.12) per share to holders of record of its Common Stock, $0.01 par value, on August 7, 2026, payable on August 21, 2026.

ABOUT ARCBEST

ArcBest® (Nasdaq: ARCB) is a multibillion-dollar integrated logistics company that helps keep the global supply chain moving. Founded in 1923 and now with 14,000 employees across 250 campuses and service centers, the company is a logistics powerhouse, using its technology, expertise and scale to connect shippers with the solutions they need — from ground, air and ocean transportation to fully managed supply chains. ArcBest has a long history of innovation that is enriched by deep customer relationships. With a commitment to helping customers navigate supply chain challenges now and in the future, the company continues to invest in purpose-built technology such as ArcBest View™, its digital logistics platform that brings quoting, booking, shipment visibility and reporting into one connected experience. For more information, visit arcb.com.

Investor Relations Contact: Amy Mendenhall

Phone: 479-785-6200

Email: [email protected]

Media Contact: Autumnn Mahar

Phone: 479-494-8221

Email: [email protected]

KEYWORDS: Arkansas United States North America

INDUSTRY KEYWORDS: Trucking Transport Logistics/Supply Chain Management

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ISG to Study Multi Public Cloud Solution Providers

ISG to Study Multi Public Cloud Solution Providers

Upcoming ISG Provider Lens® report will evaluate software providers helping enterprises manage cloud cost, reliability and security as AI expands

STAMFORD, Conn.–(BUSINESS WIRE)–
Information Services Group (ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm, has launched a research study examining providers of multi public cloud solutions that help enterprises manage distributed cloud environments.

The study results will be published in a comprehensive ISG Provider Lens® report, called Multi Public Cloud Solutions, scheduled to be released in December 2026. The report will cover companies offering software platforms for multicloud FinOps, observability and security.

Enterprise buyers will be able to use the report’s insights to evaluate their current vendor relationships, identify potential new engagements and compare available offerings. ISG advisors will use the research to guide clients through increasingly complex transformation and platform investment decisions.

Organizations are accelerating cloud-native modernization across hybrid and multicloud environments as AI becomes more embedded in business operations. As cloud estates expand, they face growing complexity in managing the cost, reliability and security of distributed architectures. AI workloads add new challenges related to infrastructure tracking and cost attribution, while security teams must protect both development and runtime operations. Companies increasingly are seeking platforms that provide clearer operational intelligence, stronger financial accountability and more consistent security controls.

“Enterprises are moving into a more demanding phase of multicloud adoption, where visibility, governance and automation are essential,” said Heiko Henkes, managing director at ISG. “As AI workloads become more common, providers that help organizations manage cost control, observability and security will play an increasingly important role in enterprise cloud strategy.”

ISG has distributed surveys to more than 75 multi public cloud solution providers. Working in collaboration with ISG’s global advisors, the research team will produce three quadrants representing the multi public cloud solution platforms enterprises are buying, based on ISG’s experience working with its clients. The three quadrants are:

  • Multicloud FinOps Platforms, evaluating software vendors that provide cloud financial management platforms for multiple public clouds. These platforms help organizations maintain accountability, allocate costs, manage commitments and optimize spending while using FinOps to address AI-related needs such as GPU usage and AI workload attribution.
  • Multicloud Observability Platforms, assessing vendors of platforms for containerized applications, Kubernetes environments and AI infrastructure. These platforms collect and correlate telemetry across hybrid and multicloud environments to support capacity planning, root cause analysis, reliability, performance and modern engineering practices.
  • Multicloud Security Platforms, covering independent software vendors that secure infrastructure and applications across multicloud environments. They are assessed on their ability to unify workload protection, entitlement management, Kubernetes security, data security and software supply chain controls.

A report produced from the study will cover the global Multi Public Cloud Solutions market and examine products and services available globally. ISG analyst Shashank Rajmane will serve as author of the report.

A list of identified providers and vendors and further details on the study are available in this digital brochure. Companies not listed as Multi Public Cloud Solution providers can contact ISG and ask to be included in the study.

All 2026 ISG Provider Lens evaluations feature expanded customer experience (CX) data capturing real-world enterprise feedback on specific provider services and solutions, based on ISG’s continuous CX research.

About ISG

ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world’s top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data and research, in-depth knowledge and governance of provider ecosystems, and the expertise of its 1,500 professionals worldwide working together to help clients maximize the value of their technology investments.

Laura Hupprich, ISG

+1 203-517-3132

[email protected]

Erik Arvidson, Matter Communications for ISG

+1 978-518-4542

[email protected]

KEYWORDS: Connecticut United States North America

INDUSTRY KEYWORDS: Technology Security Consulting Professional Services Software Networks Internet Data Analytics Data Management Artificial Intelligence

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AerSale® Announces Date for Second Quarter 2026 Earnings Release Conference Call

MIAMI, July 24, 2026 (GLOBE NEWSWIRE) — AerSale Corporation (NASDAQ: ASLE) (the “Company”), announced today that it will release its earnings results for the second quarter ended June 30, 2026, on Thursday, August 6, 2026, after the market closes. The Company will host a conference call on the same day at 4:30 pm Eastern Time to discuss the results.

A live audio webcast of the call will be available to the public on a listen‑only basis at https://ir.aersale.com/news-events/events. An archived replay of the webcast will also be available on the Investors portion of the AerSale website at https://ir.aersale.com for one year.

About
AerSale

AerSale is a global provider of integrated aviation aftermarket services and solutions, serving operators of Boeing, Airbus, and legacy McDonnell Douglas aircraft. The Company helps aircraft owners and operators optimize the value, safety, and operational efficiency of their fleets across the entire aircraft lifecycle.

AerSale’s comprehensive capabilities include aircraft and engine sales and leasing, used serviceable material (USM) sales, component and airframe MRO services, and FAA-certified engineered solutions. Through internally developed products such as AerSafe®, AerTrak®, and the AerAware™ Enhanced Flight Vision System, AerSale delivers innovative technologies that enhance aircraft performance, improve safety, and reduce operating costs.

With deep technical expertise and a fully integrated business model, AerSale provides everything customers need—through a single, trusted partner.

Media:

For more information about AerSale, please visit our website: www.AerSale.com.
Follow us on: LinkedIn | Twitter | Facebook | Instagram

AerSale: Jackie Carlon
Telephone: (305) 764-3200
Email: [email protected]

Investor:

AerSale: [email protected]
Source: AerSale Corporation



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How Arena Covered Its Entire ZoomInfo Contract Cost in the First Month

How Arena Covered Its Entire ZoomInfo Contract Cost in the First Month

The community platform replaced three separate go-to-market tools with ZoomInfo and generated enough business in its first month to cover the entire cost of the contract.

VANCOUVER, Wash.–(BUSINESS WIRE)–
ZoomInfo (NASDAQ: GTM), the all-in-one AI GTM platform, has reported that Arena, a communication platform that helps businesses build online communities, generated enough business in its first month on ZoomInfo to cover the entire cost of its contract, according to the company.

Arena, founded in 2017, gives companies of every size a way to connect their users through group conversations and direct messages. Its customers range from early-stage startups to public companies. To keep growing, Arena set out to move upmarket into the enterprise segment, and that required a repeatable go-to-market motion it did not yet have.

The obstacle was the data underneath. Arena ran a patchwork of separate tools for contact data, website visitor tracking, and technographic insight, and the systems did not talk to each other. Coverage of large accounts was thin, bounce rates ran high, and the sales team spent its hours stitching insights together by hand instead of acting on them. Selling into the enterprise demands a depth and accuracy the old stack could not reach. So that segment stayed mostly out of reach.

Arena consolidated all three tools into a single platform. In one place, the team could pull verified contact and company data on enterprise accounts, see which companies were visiting its website, and check the technologies its targets already ran. Broader coverage meant fewer blank fields when the team built an account list. Verified contacts meant messages reached real inboxes instead of bouncing. And one connected source meant reps stopped assembling data and started working it. That combination made a full account-based marketing motion possible for the first time.

The payoff was fast. In its first month on the platform, Arena generated enough business to cover the entire cost of its contract, according to the company. Folding three vendors into one also closed the gaps between disconnected systems and tightened alignment across the team. The company reports it has grown faster with ZoomInfo than with any solution it used before.

Arena now treats the platform as core infrastructure rather than one more tool in the stack. The company considers it as important to the business as its CRM system.

About ZoomInfo

ZoomInfo (NASDAQ: GTM), the all-in-one AI GTM platform, enables sales, marketing, and customer success teams to execute their go-to-market strategy with confidence. Powered by the industry’s most comprehensive B2B data, including more than 100 million companies, 500 million contacts, and billions of signals, ZoomInfo delivers the intelligence, automation, and integrations that modern revenue teams need to identify, engage, and convert their best buyers.

Learn more at zoominfo.com.

Media contact:

Public Relations Team

ZoomInfo

[email protected]

KEYWORDS: Washington United States North America

INDUSTRY KEYWORDS: Technology Venture Capital Search Engine Optimization Business Search Engine Marketing Small Business Professional Services Marketing Software Digital Marketing Start-Up Data Analytics Communications Data Management

MEDIA:

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demandDrive Turned Website Visitors Into Millions in Recurring Revenue With ZoomInfo

demandDrive Turned Website Visitors Into Millions in Recurring Revenue With ZoomInfo

The outsourced sales development firm consolidated a fragmented prospecting process into one platform and used website visitor identification to prioritize the accounts already showing interest.

VANCOUVER, Wash.–(BUSINESS WIRE)–
ZoomInfo (NASDAQ: GTM), the all-in-one AI GTM platform, has reported that demandDrive, an outsourced sales development and demand generation firm, attributes millions of dollars in annual recurring revenue to the way it now finds and prioritizes buyers, according to the company.

demandDrive runs prospecting, outbound, and lead generation programs on behalf of other companies, serving mid-market clients across business services. It sells a consultative model that pairs the flexibility of outsourcing with the training and management of an in-house inside sales team. As demandDrive expanded into new industries and verticals, each one meant starting research from scratch. Reaching a new market required searching websites, compiling and enriching contact lists, and standing up campaigns across a patchwork of separate tools.

For most companies, that fragmentation is an inconvenience. For demandDrive it was friction in the product itself. When your entire service is prospecting, the quality and speed of your data is what clients are paying for. A slow start in a new vertical is not internal drag. It is a client waiting on pipeline.

ZoomInfo consolidated the work into a single platform. The team now builds and enriches target lists for new verticals from one verified source of company and contact data, instead of stitching together separate tools. It then added website visitor identification, which matches anonymous website traffic to the companies behind it. That gave demandDrive a live view of which businesses were already researching its services. The company credits two things working together: breadth of data, so a new vertical list comes back filled in rather than half-empty, and website behavior, so the team knows which of those companies to prioritize and how to personalize the outreach.

demandDrive credits that combination with millions of dollars in annual recurring revenue, according to the company. It frames the result in recurring revenue rather than a one-time win, the metric that matters most for an outsourced provider running ongoing programs for its clients.

demandDrive now plans to scale automated sales development and expand its prospecting processes, with ZoomInfo at the center of how it finds and prioritizes buyers.

About ZoomInfo

ZoomInfo (NASDAQ: GTM), the all-in-one AI GTM platform, enables sales, marketing, and customer success teams to execute their go-to-market strategy with confidence. Powered by the industry’s most comprehensive B2B data, including more than 100 million companies, 500 million contacts, and billions of signals, ZoomInfo delivers the intelligence, automation, and integrations that modern revenue teams need to identify, engage, and convert their best buyers.

Learn more at zoominfo.com.

Media contact:

Public Relations Team

ZoomInfo

[email protected]

KEYWORDS: Washington United States North America

INDUSTRY KEYWORDS: Technology Venture Capital Marketing Communications Professional Services Business Internet Digital Marketing Data Management Artificial Intelligence

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Rubico Inc. Announces Letter of Intent for Acquisition of a High Specification Newbuilding MR Tanker

ATHENS, Greece, July 24, 2026 (GLOBE NEWSWIRE) — Rubico Inc. (Nasdaq: RUBI) (the “Company” or “Rubico”), a global provider of shipping transportation services specializing in the ownership of vessels, announced today it has entered into a letter of intent (the “LOI”) for the potential acquisition from Top Ships Inc., a related party controlled by Rubico’s controlling shareholder, of a shipowning company (“SPV”) that is party to a shipbuilding agreement with Guangzhou Shipyard International Company Limited for the construction of a high specification MR chemical/product oil tanker (the “Newbuilding Tanker”) to be delivered in Q2 2029. The SPV has entered into a time charter agreement with Trafigura Maritime Logistics Pte. Ltd. at a minimum fixed duration of 7 years at a time charter rate of $18,750 per day and is also party to a lease financing agreement with a Chinese Lessor for 85% of the shipbuilding price starting from the 1st instalment on a pro-rata basis without any asset cover requirement for the duration of the time charter.

The Company will make an advance cash payment of $0.3 million that will be credited against the acquisition price of the SPV or refunded to the extent the Company does not elect to purchase the SPV. The exclusivity period under the LOI will expire on July 31, 2026. Up to that date the Company will conduct a due diligence process and evaluation of the potential transaction taking into account market conditions and other factors, and there can be no assurance that the potential transaction will be consummated. A special independent committee composed of independent members of the Company’s board of directors will negotiate and approve any potential acquisition pursuant to the LOI.

About the Company

Rubico Inc. is a global provider of shipping transportation services specializing in the ownership of vessels. The Company is an international owner and operator of two modern, fuel efficient, eco 157,000 dwt Suezmax tankers. Furthermore, the Company owns one 47,499 dwt MR tanker newbuilding scheduled for delivery in the fourth quarter of 2029 and a 60 meter newbuilding megayacht scheduled for delivery in the second quarter of 2027, which the Company intends to divest. In addition, the Company has entered into a share purchase agreement to acquire an additional shipowning company that owns one high-specification 47,499 dwt MR tanker newbuilding scheduled for delivery in the third quarter of 2029, with closing of the share purchase agreement to occur by September 30, 2026.

The Company is incorporated under the laws of the Republic of the Marshall Islands and has executive offices in Athens, Greece. The Company’s common shares trade on the Nasdaq Capital Market under the symbol “RUBI”.

Please visit the Company’s website at: https://www.rubicoinc.com/

For further information please contact:

Nikolaos Papastratis
Chief Financial Officer
Rubico Inc.
Tel: +30 210 812 8107
Email: [email protected]

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts, including statements regarding the potential acquisition of the SPV and the consummation of the transactions contemplated by the LOI.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect”, “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. Please see the Company’s filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.



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Cradles to Crayons Transforms Its Corporate Donor Pipeline with ZoomInfo

Cradles to Crayons Transforms Its Corporate Donor Pipeline with ZoomInfo

The Boston-based children’s nonprofit replaced spreadsheets and cold calls with data-driven prospecting, reaching more potential corporate donors in its first year on ZoomInfo than ever before in the organization’s history.

VANCOUVER, Wash.–(BUSINESS WIRE)–
ZoomInfo (NASDAQ: GTM), the all-in-one AI GTM platform, has reported that Cradles to Crayons, a nonprofit that provides clothing and everyday essentials to children living in poverty, rebuilt its corporate fundraising on verified company and contact data and, in its first year using ZoomInfo, shared its mission with more people than ever before in the organization’s history, according to the organization.

Cradles to Crayons provides clothing, shoes, and everyday essentials to children from birth through age 12 who are experiencing homelessness or living in low-income families. Founded in Boston in 2002, it now runs programs there and in Philadelphia and Chicago. Like every nonprofit, it runs on donations, and it competes hard for them. Before ZoomInfo, the team hunted for corporate partners by hand. It worked out of Excel spreadsheets, made cold calls, and hoped a volunteer happened to know someone at a company worth approaching. Its prospect data came from free lists and scattered corners of the internet.

That guesswork carried a real cost. The competition for donor dollars is fierce, and every hour a small team spends chasing a contact who may not exist is an hour not spent getting coats, shoes, and school supplies to the children the organization serves. The old approach also capped how far the mission could travel. A team can only make so many cold calls to the wrong people before the pipeline stops growing.

With ZoomInfo, the work changed shape. Instead of guessing which companies might give, the team could filter for businesses that run corporate philanthropy and giving programs, then reach the people inside them who decide where that money goes. Verified phone numbers and email addresses meant fewer dead ends and more live conversations. Automated, sequenced outreach replaced the one-by-one manual work, so a lean development team could cover far more ground without adding headcount.

The organization describes its first year on ZoomInfo as record-breaking for engagement. It reports sharing the mission of its work with more people than ever before in its history, and it credits the platform with transforming its donor pipeline. Cradles to Crayons got there not by hiring a bigger team, but by pointing a small one at the right companies with accurate data behind every outreach.

The mission has not changed since 2002: turn the compassion of donors into coats, shoes, and supplies for children who need them. What changed is how many companies the organization can bring into that work, and how quickly. With prospecting that runs on data instead of luck, a small nonprofit competing against far larger ones can keep widening the base of corporate partners that funds its cause.

About ZoomInfo

ZoomInfo (NASDAQ: GTM), the all-in-one AI GTM platform, enables sales, marketing, and customer success teams to execute their go-to-market strategy with confidence. Powered by the industry’s most comprehensive B2B data, including more than 100 million companies, 500 million contacts, and billions of signals, ZoomInfo delivers the intelligence, automation, and integrations that modern revenue teams need to identify, engage, and convert their best buyers.

Learn more at zoominfo.com.

Media contact:

Public Relations Team

ZoomInfo

[email protected]

KEYWORDS: Washington Massachusetts United States North America

INDUSTRY KEYWORDS: Data Management Technology Digital Marketing Data Analytics Other Communications Other Professional Services Business Small Business Public Relations/Investor Relations Venture Capital Marketing Advertising Communications Professional Services Artificial Intelligence Other Technology Philanthropy Search Engine Optimization Software Fund Raising Internet

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Kaplan Fox Alerts PicS N.V. (NASDAQ: PICS) Investors Who Suffered Losses to a Securities Class Action – Deadline is August 4, 2026

NEW YORK, July 24, 2026 (GLOBE NEWSWIRE) — Kaplan Fox & Kilsheimer LLP announces that a class action lawsuit has been filed against PicS N.V. (“PicS” or the “Company”) (NASDAQ: PICS) on behalf of all persons or entities who purchased PicS Class A common stock in and/or traceable to PicS’ initial public offering (“IPO”) on or around January 30, 2026.

CLICK HERE TO JOIN THE CASE

If you are an investor in PicS and have suffered losses, you may

CLICK HERE

to contact us. You may also contact Kaplan Fox by emailing

[email protected]

or by calling (646) 315-9003.

DEADLINE REMINDER: If you are a member of the proposed Class, you may move the court no later than August 4, 2026 to serve as a lead plaintiff for the purported class. If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.

On or around January 30, 2026, PicS concluded its IPO, selling approximately 22.9 million shares of Class A common stock at $19 per share.

On March 19, 2026, less than three months after the IPO, PicS released its fourth quarter and full year 2025 financial results, which ended December 31, 2025 – before the IPO. The Company revealed that in December 2025, as part of the Company’s “annual review of expected credit loss parameters,” the Company had “implemented a stricter policy to accelerate the classification of renegotiated non-performing exposures from Stage 2 to Stage 3.” Consequently, “R$590 million of Stage 2 portfolio balances were reclassified to Stage 3, resulting in an ECL increase of R$88 million in the quarter.” Stage 3 is the Company’s highest risk category for its credit portfolio, or “credit impaired.”

On March 19, 2026, the price of PicS shares fell $3.56 per share, or 22.5%, to close at $12.27 per share.

The complaint alleges, among other things, that in connection with the IPO, Defendants made false and/or misleading statements and/or failed to disclose that “(a) that PicS had conducted an evaluation of its credit evaluation procedures in December 2025 and determined that such procedures were deficient and in need of enhancement; (b) that, as a result of the new procedures the Company had implemented in December 2025, PicS had reclassified approximately R$590 million of exposures previously classified as Stage 2 to Stage 3, leading to an incremental ECL charge of R$88 million in the three months ended December 31, 2025; (c) that PicS had experienced a heightened, but unreported, Stage 3 formation rate of more than 7% in the fourth quarter of 2025 that deviated substantially from the historical results and trends provided in the Offering Documents; (d) that the Offering Documents had materially overstated the quality and ability of the Company’s credit models and user data to inform the Company’s underwriting practices and to allow PicS to timely and effectively monitor, assess, and identify adverse credit events, credit risks, and credit deterioration across its portfolio; and (e) that PicS suffered from degradations in customer credit quality and heightened risks of default and loan impairment as a result of its entrance into materially riskier business lines leading up to the IPO, resulting in undisclosed adverse financial and operational trends such as heightened incidents of default, which predated the IPO and were internally projected by PicS to continue to worsen following the IPO, materially impairing the Company’s business, operations, and financial results.”

The complaint alleges that as of June 4, 2026, PicS Class A common stock fell to a low of less than $9 per share, representing a more than 50% decline from the $19 per share IPO price.

WHY CONTACT KAPLAN FOX?

Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.

Kaplan Fox is widely regarded as one of the nation’s premier plaintiffs’ securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.

For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.

If you have any questions about this Notice, your rights, or your interests, please contact:

CONTACT:

Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
[email protected]

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704
[email protected]

Contacting or submitting information to Kaplan Fox & Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.

https://www.kaplanfox.com/case/pics-n-v-class-action-alert-learn-more-now/



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Labaton Keller Sucharow LLP Pursues Claims Against Snap Inc. for Negative Effects on Adolescent Mental Health

Labaton Keller Sucharow LLP Pursues Claims Against Snap Inc. for Negative Effects on Adolescent Mental Health

NEW YORK–(BUSINESS WIRE)–
Labaton Keller Sucharow LLP (“Labaton” or the “Firm”), a premier plaintiff’s law firm, is pursuing individual arbitration claims against Snap Inc., the company behind the social media app Snapchat, on behalf of individuals who suffered mental or physical harm as a result of using the app during childhood or adolescence.

Snapchat is a social media app where users can send disappearing photos and videos. The Firm is representing eligible individuals in arbitration claims against Snapchat alleging that the platform’s design contributed to repetitive use and mental or physical harm in children or adolescents.

These claims arise from an increasing amount of scientific evidence about social media’s negative effects on adolescent mental health. Numerous lawsuits across the country have raised concerns over allegations that social media platforms were designed to be addictive to children, harm their health and wellbeing, and facilitate additional risks. Snap Inc. has been named in numerous lawsuits challenging the platform’s design and safety practices.

The claims allege that Snapchat was designed with features intended to maximize user engagement and encourage compulsive use among children and adolescents, and that Snap Inc. failed to adequately warn users and families about the potential mental and physical risks associated with prolonged use of the platform. Snap Inc. is also accused of neglecting its responsibility to build a safe product for its users and engaging in deceptive business practices to conceal Snapchat’s addictive features.

The claims further allege that prolonged use of Snapchat can contribute to anxiety, depression, low self-esteem, sleep disruption, eating disorders, and more.

If you used Snapchat before turning 18 or are the parent of a child who used Snapchat before they turned 18 and believe the platform negatively affected your or your child’s mental or physical health, you may be entitled to compensation.

Learn more here: Snapchat Social Media Addiction – Lantern.

About Labaton Keller Sucharow LLP

With more than 60 years of experience, Labaton Keller Sucharow LLP stands as a tenacious advocate for investors and consumers, having secured more than $30 billion dollars in landmark recoveries. Renowned as a global leader, the Firm specializes in representing clients in consumer protection, data privacy, securities, and corporate governance and shareholder rights litigation, as well as alternative dispute resolution. Recognized for excellence by both the courts and peers, the Firm is consistently ranked in leading industry publications. Labaton Keller Sucharow’s offices are strategically located in New York, Delaware, London, and Washington, D.C. More information about Labaton is available at labaton.com.

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KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Class Action Lawsuit Professional Services Legal

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