Core Viewpoint - Picard Medical, Inc. (PMI) shareholders who incurred losses have the opportunity to lead a securities fraud class action lawsuit due to alleged undisclosed fraudulent activities by the company [1] Summary by Relevant Sections Lawsuit Details - The lawsuit alleges that between September 2, 2025, and October 31, 2025, Picard Medical failed to disclose critical information to investors, including involvement in a fraudulent stock promotion scheme utilizing social media misinformation and impersonation of financial professionals [1] - It is claimed that insiders or affiliates used offshore or nominee accounts to facilitate coordinated share dumping during a price inflation campaign [1] - The company's public statements and risk disclosures reportedly omitted any mention of false rumors and artificial trading activity that influenced the stock price [1] - As a result, the positive statements made by the defendants regarding the company's business, operations, and prospects were materially misleading and lacked a reasonable basis [1]
Picard Medical, Inc. (PMI) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
Prnewswire·2026-02-18 17:00