San Francisco, California, February 4, 2026
Investors in Picard Medical, Inc. have initiated a class action lawsuit against the company, alleging a fraudulent stock promotion scheme that led to significant financial losses. Filed in a California court, the lawsuit claims that the company’s stock price was artificially inflated through misinformation and deceptive practices from September to October 2025. The lead plaintiff, Julianne Louie, purchased shares at a high price before selling them at a loss shortly after. Investors are encouraged to join the legal process before the lead plaintiff deadline.
Class Action Lawsuit Targets Picard Medical, Inc. Over Securities Fraud
Investors allege fraudulent stock promotion scheme has caused significant losses.
San Francisco, California
On February 4, 2026, investors in Picard Medical, Inc. (PMI) found themselves at the center of a class action lawsuit, alleging securities fraud against PMI and its affiliated entities. The lawsuit, filed in the U.S. District Court for the Northern District of California, accuses the company of engaging in a scheme that artificially inflated its stock price.
The allegations span a timeframe from September 2, 2025, to October 31, 2025, claiming that PMI’s stock was manipulated through a coordinated promotional effort. The lawsuit states that social media was leveraged to spread misinformation, and there were instances of impersonation of financial professionals to enhance the credibility of the stock’s false portrayal. Additionally, insiders and affiliates are accused of utilizing offshore accounts to dump shares during the inflation period, all while PMI failed to disclose the damaging impact of these activities in their public statements.
Understanding the Allegations
The lead plaintiff in the class action, Julianne Louie, asserts that she purchased approximately 25,331 shares of PMI at a price of $12.40 on October 22, 2025, only to sell them five days later for significantly lower prices. The lawsuit argues that these occurrences represent a breach of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, primarily citing misleading statements and nondisclosure of vital information regarding the stock’s falsification.
Implications for Investors
For investors who purchased PMI securities during the specified class period and incurred significant losses, there is an opportunity to participate in the ongoing legal process. Those interested in pursuing claims or learning more are encouraged to reach out to the law firms involved. Notably, the deadline to file for lead plaintiff status is set for April 3, 2026. This could be an important moment for stakeholders who have been adversely affected by the alleged fraud.
About Picard Medical, Inc.
Headquartered in Tucson, Arizona, Picard Medical, Inc. is recognized for designing, manufacturing, and selling medical devices, including the SynCardia Total Artificial Heart. As a part of the healthcare and technology landscape, the company has played a significant role in advancing medical device innovation.
Community Insights and Entrepreneurship
This case highlights the importance of transparency and integrity in the financial markets, especially for companies operating in the public eye. While the allegations are serious, they remind us of the resilience of the entrepreneurial spirit and the vital role that ethical practices must hold within our economy. As San Diego’s own business community continues to flourish, maintaining a framework that encourages innovation while protecting investors is essential for ensuring long-term economic growth.
Key Takeaways for Local Investors
The outcome of this class action lawsuit could have broader implications for investor confidence as well as for other companies within the San Diego and California business ecosystem. Staying informed about such developments is crucial for both current and potential investors, as they navigate the complexities of the market. Encouraging regulatory environments that prioritize transparency can help elevate the regions’ thriving entrepreneurial sectors while safeguarding investor interests.
Frequently Asked Questions (FAQ)
What is the class action lawsuit against Picard Medical, Inc.?
The class action lawsuit alleges that Picard Medical, Inc. and its affiliates engaged in a fraudulent stock promotion scheme that artificially inflated the company’s stock price between September 2, 2025, and October 31, 2025.
Who is the lead plaintiff in the case?
The lead plaintiff is Julianne Louie, who claims to have purchased approximately 25,331 shares at $12.40 on October 22, 2025, and sold them five days later at prices ranging from $4.8725 to $4.89 per share.
What are the allegations in the lawsuit?
The lawsuit alleges that between September 2, 2025, and October 31, 2025, Picard Medical’s stock was subject to a fraudulent promotion involving social media misinformation and impersonation of financial professionals. Insiders and affiliates are accused of using offshore or nominee accounts to facilitate the coordinated dumping of shares during a price inflation campaign. Additionally, Picard Medical’s public statements and risk disclosures allegedly omitted any mention of the false rumors and artificial trading activity driving the stock price.
How can investors participate in the class action?
Investors who purchased Picard Medical securities during the class period and suffered significant losses are encouraged to contact the law firms involved for more information. The deadline to request appointment as lead plaintiff in the case is April 3, 2026.
What does Picard Medical, Inc. do?
Picard Medical, Inc., headquartered in Tucson, Arizona, specializes in designing, manufacturing, and selling medical device products, including the SynCardia Total Artificial Heart.
Key Features of the Class Action Lawsuit
| Feature | Description |
|---|---|
| Defendants | Picard Medical, Inc. and its affiliates |
| Allegations | Fraudulent stock promotion scheme involving social media misinformation and impersonation of financial professionals |
| Class Period | September 2, 2025, to October 31, 2025 |
| Lead Plaintiff | Julianne Louie |
| Investor Action | Contact law firms for more information; deadline to request lead plaintiff status is April 3, 2026 |
| Company Overview | Picard Medical, Inc. designs, manufactures, and sells medical device products, including the SynCardia Total Artificial Heart |
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