Picard Medical Faces Class Action Over Alleged Stock Fraud

Reuters

7 hours ago

Picard Medical Faces Class Action Over Alleged Stock Fraud

A class action lawsuit has been filed against Picard Medical Inc. on behalf of investors who purchased the company's securities between September 2, 2025 and October 31, 2025. The lawsuit alleges that Picard Medical made false and misleading statements and failed to disclose a fraudulent stock promotion scheme, the use of offshore accounts for coordinated share dumping, and omitted key risk disclosures. The company's stock dropped approximately 70% following these revelations. Investors have until April 3, 2026 to seek appointment as lead plaintiff in the case.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Picard Medical Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202602171322PRIMZONEFULLFEED9656043) on February 17, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The lawsuit alleges that Picard Medical made false and misleading statements and failed to disclose a fraudulent stock promotion scheme, the use of offshore accounts for coordinated share dumping, and omitted key risk disclosures. The company's stock dropped approximately 70% following these revelations. 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The lawsuit alleges that Picard Medical made false and misleading statements and failed to disclose a fraudulent stock promotion scheme, the use of offshore accounts for coordinated share dumping, and omitted key risk disclosures. The company's stock dropped approximately 70% following these revelations. Investors have until April 3, 2026 to seek appointment as lead plaintiff in the case.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Picard Medical Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. 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