Picard Medical, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before April 3, 2026 to Discuss Your Rights – PMI
Globenewswire·2026-03-02 21:00

Core Viewpoint - A class action securities lawsuit has been filed against Picard Medical, Inc. for alleged securities fraud affecting investors between September 2, 2025, and October 31, 2025 [1][2]. Group 1: Allegations - The lawsuit claims that Picard Medical was involved in a fraudulent stock promotion scheme that utilized social media misinformation and impersonated financial professionals [2]. - It is alleged that insiders and/or affiliates used offshore or nominee accounts to facilitate the coordinated dumping of shares during a price inflation campaign [2]. - The company's public statements and risk disclosures reportedly omitted any mention of false rumors and artificial trading activity that influenced the stock price [2]. - As a result of these actions, the defendants' positive statements regarding the company's business, operations, and prospects were deemed materially misleading and lacked a reasonable basis [2]. Group 2: Legal Process - Investors who suffered losses in Picard Medical, Inc. during the specified timeframe have until April 3, 2026, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Law Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has a strong track record in high-stakes securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].

Picard Medical, Inc. Sued for Securities Law Violations - Contact Levi & Korsinsky Before April 3, 2026 to Discuss Your Rights – PMI - Reportify