Picard Medical Faces Securities Class Action Over Stock Manipulation Allegations

Reuters

Feb 16

Picard Medical Faces Securities Class Action Over Stock Manipulation Allegations

A federal securities class action has been filed against Picard Medical Inc., alleging the company and its executives made false or misleading statements and failed to disclose involvement in a fraudulent stock promotion scheme. The complaint claims insiders used offshore accounts to coordinate share dumping during a price inflation campaign and that key risks and trading activity were not properly disclosed. Picard Medical shares fell nearly 60 percent in a single day following these revelations. Investors who purchased shares between September 2, 2025, and October 31, 2025, have until April 13, 2026, to seek lead plaintiff status 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 Newsfile (Ref. ID: 202602160931NEWSFILECNPR____20260216_283903_1) on February 16, 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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