{"id":985062,"date":"2026-07-27T10:29:55","date_gmt":"2026-07-27T14:29:55","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/pics-shareholder-alert-august-4-2026-lead-plaintiff-deadline-in-pics-n-v-securities-class-action-contact-levi-korsinsky\/"},"modified":"2026-07-27T10:29:55","modified_gmt":"2026-07-27T14:29:55","slug":"pics-shareholder-alert-august-4-2026-lead-plaintiff-deadline-in-pics-n-v-securities-class-action-contact-levi-korsinsky","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pics-shareholder-alert-august-4-2026-lead-plaintiff-deadline-in-pics-n-v-securities-class-action-contact-levi-korsinsky\/","title":{"rendered":"PICS Shareholder Alert: August 4, 2026 Lead Plaintiff Deadline in PicS N.V. Securities Class Action – Contact Levi & Korsinsky"},"content":{"rendered":"

\nExecutive Accountability: J&F Participa\u00e7\u00f5es S.A. and the Batista Brothers Controlled 96.4% of PicS N.V.’s Voting Power Yet Allegedly Failed to Prevent $434 Million IPO From Concealing a December 2025 Credit Review That Triggered R$590 Million in Loan Reclassifications
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NEW YORK, July 27, 2026 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP notifies investors that J&F Participa\u00e7\u00f5es S.A. (“J&F”), Joesley Mendonca Batista, and Wesley Mendonca Batista are named as controlling person defendants in a securities class action filed on behalf of purchasers of PicS N.V. (Nasdaq: PICS) Class A common stock in and traceable to the Company’s January 30, 2026 IPO. Shares have fallen over 52% from the $19.00 IPO price to below $9.00.\u00a0Find out if you qualify to recover your IPO losses<\/a> or contact Joseph E. Levi, Esq. at jlevi@levikorsinsky.com<\/a> or (212) 363-7500.<\/p>\n

IPO investors lost more than $10 per share as PicS disclosed post-IPO that it had reclassified R$590 million of credit exposures from Stage 2 to Stage 3 following a December 2025 internal review that found deficient credit evaluation procedures. The lead plaintiff deadline is August 4, 2026.<\/p>\n

\n J&F’s Controlling Position Over PicS N.V.<\/strong>\n <\/p>\n

Through its subsidiary J&F International B.V., J&F beneficially owned 23.25% of PicS’ Class A common shares and 100% of PicS’ Class B common shares immediately after the IPO. This ownership structure gave J&F approximately 96.4% of the combined voting power over PicS, as identified in the complaint. Joesley Mendonca Batista and Wesley Mendonca Batista jointly controlled J&F pursuant to a shareholders’ agreement, giving them the ability to appoint a substantial majority of PicS’ Board of Directors, approve or reject matters submitted to shareholder vote, and exercise overall control over the Company’s operations and public disclosures.<\/p>\n

\n What the Batista Brothers Allegedly Oversaw<\/strong>\n <\/p>\n

The action contends that J&F, Joesley Batista, and Wesley Batista, as controlling persons of PicS, bore responsibility for ensuring the accuracy of the Offering Documents through which the Company raised $434.3 million in gross IPO proceeds. Specifically, the complaint charges that the controlling persons:<\/p>\n