Picard Medical Faces Class Action for Securities Fraud
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Should l Buy PMI?
Source: Businesswire
- Class Action Filed: Scott+Scott Attorneys at Law LLP has initiated a class action lawsuit against Picard Medical and its executives in the U.S. District Court for the Northern District of California, alleging that from September to October 2025, they made materially false statements and failed to disclose critical facts, indicating severe deficiencies in corporate governance and transparency.
- Stock Manipulation Allegations: The lawsuit claims that the defendants engaged in illegal stock promotion via social media, falsely advertising Picard Medical's stock, which led to an artificial price inflation and significant losses for investors, highlighting weaknesses in market regulation and investor protection.
- Legal Timeline: The lead plaintiff deadline for this case is April 3, 2026, allowing any investor who purchased Picard Medical securities during the class period and suffered losses to apply to be the lead plaintiff, emphasizing the urgency of legal proceedings and the necessity for investor advocacy.
- Company Background: Picard Medical focuses on the design and production of medical devices, with its flagship product being the artificial heart “SynCardia TAH,” headquartered in Tucson, Arizona, and operating in the U.S., Europe, and China, indicating its global market presence and associated risks.
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About PMI
Picard Medical, Inc. is a holding company that owns a 100% interest in SynCardia Systems, LLC (SynCardia). SynCardia is a medical technology company that manufactures and sells the only United States Food and Drug Administration (FDA) and Health Canada-approved implantable total artificial heart (SynCardia TAH). The SynCardia TAH is a biventricular replacement device that consists of the SynCardia TAH implant, an external pneumatic driver that delivers precisely calibrated pulses of air to drive the implant, and drivelines that connect the driver to the implant. The SynCardia TAH implant is a system that consists of two independent artificial ventricles which are powered by an external pneumatic driver. Each artificial ventricle is made of a semi-rigid polyurethane housing and a rigid polyurethane base, with a four-layer flexible polyurethane diaphragm separating the blood chamber from the air chamber.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Picard Medical Faces Class Action for Securities Fraud
- Class Action Filed: Scott+Scott Attorneys at Law LLP has initiated a class action lawsuit against Picard Medical and its executives in the U.S. District Court for the Northern District of California, alleging that from September to October 2025, they made materially false statements and failed to disclose critical facts, indicating severe deficiencies in corporate governance and transparency.
- Stock Manipulation Allegations: The lawsuit claims that the defendants engaged in illegal stock promotion via social media, falsely advertising Picard Medical's stock, which led to an artificial price inflation and significant losses for investors, highlighting weaknesses in market regulation and investor protection.
- Legal Timeline: The lead plaintiff deadline for this case is April 3, 2026, allowing any investor who purchased Picard Medical securities during the class period and suffered losses to apply to be the lead plaintiff, emphasizing the urgency of legal proceedings and the necessity for investor advocacy.
- Company Background: Picard Medical focuses on the design and production of medical devices, with its flagship product being the artificial heart “SynCardia TAH,” headquartered in Tucson, Arizona, and operating in the U.S., Europe, and China, indicating its global market presence and associated risks.
See More
Picard Medical Accused of Misleading Investors in Class Action
- Class Action Initiated: Rosen Law Firm has filed a class action lawsuit on behalf of investors who purchased Picard Medical (NYSE American: PMI) securities between September 2, 2025, and October 31, 2025, alleging misleading statements that have impacted investor confidence and market performance.
- False Statements Allegations: The lawsuit claims that Picard Medical failed to disclose significant adverse facts about its business operations, including a fraudulent stock promotion scheme involving social media, which misled investors regarding the company's prospects and affected stock prices.
- Insider Trading Activities: Allegations suggest that insiders at Picard Medical used offshore accounts to facilitate coordinated share dumping, exacerbating the artificial inflation of stock prices and potentially harming ordinary investors, which could lead to legal repercussions.
- Legal Consequences and Recovery: Investors may participate in the class action, with Rosen Law Firm offering legal services on a contingency basis, aiming to help shareholders recover losses and improve corporate governance structures.
See More
Picard Medical Faces Shareholder Class Action Lawsuit
- Lawsuit Background: Picard Medical, Inc. (NYSE American: PMI) is facing a shareholder class action lawsuit alleging that the company issued false and misleading statements while failing to disclose significant adverse facts related to stock price manipulation.
- Fraud Allegations: The lawsuit claims that Picard was involved in a fraudulent stock promotion scheme that utilized social media misinformation and impersonated financial professionals, resulting in investor losses.
- Insider Trading: Additionally, the lawsuit accuses insiders or affiliates of using offshore or nominee accounts to facilitate coordinated share dumping during a price inflation campaign, further harming investor interests.
- Legal Consultation Information: Investors who purchased Picard shares between September 2, 2025, and October 31, 2025, and experienced significant losses are encouraged to contact Holzer & Holzer, LLC for legal rights information, with the deadline to apply as lead plaintiff set for April 3, 2026.
See More
Picard Medical Partners with Hydrix to Develop Next-Gen Total Artificial Heart
- Collaboration Agreement: On January 5, 2026, Picard Medical entered into a development collaboration agreement with Hydrix to initiate the initial development phase for the next-generation fully implantable Total Artificial Heart, Emperor, aimed at enhancing patient mobility and convenience.
- Selection of Technical Expertise: SynCardia chose Hydrix as a partner based on its proven expertise in complex critical engineering and successful track record in developing regulated medical devices, reflecting Picard's commitment to high-value development programs.
- R&D Tax Incentives: This collaboration may allow Picard to benefit from approximately 43% Australian R&D tax incentives, further reducing development costs and accelerating technological advancements, thereby enhancing market competitiveness.
- Multi-Stage Development Plan: Under the agreement, Hydrix will perform development work for Picard and SynCardia through the end of 2026, with the program structured to advance through defined engineering verification and regulatory milestones, ensuring compliance with technical progress and safety validation.
See More
Picard Medical Partners with Hydrix to Develop Next-Gen Total Artificial Heart
- Collaboration Agreement: On January 5, 2026, Picard Medical entered into a development collaboration agreement with Hydrix to initiate the initial development phase for the next-generation fully implantable Total Artificial Heart, Emperor, aimed at enhancing patient mobility and convenience.
- Strategic Partner Selection: SynCardia chose Hydrix based on its proven expertise in complex critical engineering and a strong track record in developing regulated medical devices, reflecting Picard's commitment to high-value long-term development programs.
- Tax Incentive Potential: The collaboration may allow Picard to benefit from Australian R&D tax incentives of approximately 43% of eligible expenditure, providing additional financial support to foster technological advancements.
- Multi-Stage Development Plan: Under the agreement, Hydrix will conduct development work through the end of 2026, with the program structured to advance through defined engineering verification and regulatory milestones, ensuring compliance with safety validation and technical progress for long-term objectives.
See More
Picard Medical Attends J.P. Morgan Healthcare Conference to Showcase Artificial Heart Technology
- Industry Conference Participation: Picard Medical will attend the J.P. Morgan Healthcare Conference and related events on January 12 and 14, 2026, showcasing its innovations in cardiac care to enhance the company's visibility and influence in the healthcare sector.
- Technological Leadership: As the world's first manufacturer of a total artificial heart approved by both the FDA and Health Canada, Picard Medical's SynCardia system has performed over 2,100 implants across 27 countries, highlighting its market leadership in treating heart failure.
- Market Expansion Opportunities: By participating in LifeSci Advisors' Corporate Access Event, Picard Medical aims to engage in one-on-one meetings with potential investors and partners, further driving strategic collaborations and market expansion in the medtech field.
- Innovative Product Showcase: The SynCardia Total Artificial Heart is the only commercially available artificial heart in the U.S. and Canada, and this conference is expected to provide a crucial platform for future market promotion and product development.
See More
Picard Medical Faces Class Action for Securities Fraud
- Class Action Filed: Scott+Scott Attorneys at Law LLP has initiated a class action lawsuit against Picard Medical and its executives in the U.S. District Court for the Northern District of California, alleging that from September to October 2025, they made materially false statements and failed to disclose critical facts, indicating severe deficiencies in corporate governance and transparency.
- Stock Manipulation Allegations: The lawsuit claims that the defendants engaged in illegal stock promotion via social media, falsely advertising Picard Medical's stock, which led to an artificial price inflation and significant losses for investors, highlighting weaknesses in market regulation and investor protection.
- Legal Timeline: The lead plaintiff deadline for this case is April 3, 2026, allowing any investor who purchased Picard Medical securities during the class period and suffered losses to apply to be the lead plaintiff, emphasizing the urgency of legal proceedings and the necessity for investor advocacy.
- Company Background: Picard Medical focuses on the design and production of medical devices, with its flagship product being the artificial heart “SynCardia TAH,” headquartered in Tucson, Arizona, and operating in the U.S., Europe, and China, indicating its global market presence and associated risks.
See More
Picard Medical Accused of Misleading Investors in Class Action
- Class Action Initiated: Rosen Law Firm has filed a class action lawsuit on behalf of investors who purchased Picard Medical (NYSE American: PMI) securities between September 2, 2025, and October 31, 2025, alleging misleading statements that have impacted investor confidence and market performance.
- False Statements Allegations: The lawsuit claims that Picard Medical failed to disclose significant adverse facts about its business operations, including a fraudulent stock promotion scheme involving social media, which misled investors regarding the company's prospects and affected stock prices.
- Insider Trading Activities: Allegations suggest that insiders at Picard Medical used offshore accounts to facilitate coordinated share dumping, exacerbating the artificial inflation of stock prices and potentially harming ordinary investors, which could lead to legal repercussions.
- Legal Consequences and Recovery: Investors may participate in the class action, with Rosen Law Firm offering legal services on a contingency basis, aiming to help shareholders recover losses and improve corporate governance structures.
See More
Picard Medical Faces Shareholder Class Action Lawsuit
- Lawsuit Background: Picard Medical, Inc. (NYSE American: PMI) is facing a shareholder class action lawsuit alleging that the company issued false and misleading statements while failing to disclose significant adverse facts related to stock price manipulation.
- Fraud Allegations: The lawsuit claims that Picard was involved in a fraudulent stock promotion scheme that utilized social media misinformation and impersonated financial professionals, resulting in investor losses.
- Insider Trading: Additionally, the lawsuit accuses insiders or affiliates of using offshore or nominee accounts to facilitate coordinated share dumping during a price inflation campaign, further harming investor interests.
- Legal Consultation Information: Investors who purchased Picard shares between September 2, 2025, and October 31, 2025, and experienced significant losses are encouraged to contact Holzer & Holzer, LLC for legal rights information, with the deadline to apply as lead plaintiff set for April 3, 2026.
See More
Picard Medical Partners with Hydrix to Develop Next-Gen Total Artificial Heart
- Collaboration Agreement: On January 5, 2026, Picard Medical entered into a development collaboration agreement with Hydrix to initiate the initial development phase for the next-generation fully implantable Total Artificial Heart, Emperor, aimed at enhancing patient mobility and convenience.
- Selection of Technical Expertise: SynCardia chose Hydrix as a partner based on its proven expertise in complex critical engineering and successful track record in developing regulated medical devices, reflecting Picard's commitment to high-value development programs.
- R&D Tax Incentives: This collaboration may allow Picard to benefit from approximately 43% Australian R&D tax incentives, further reducing development costs and accelerating technological advancements, thereby enhancing market competitiveness.
- Multi-Stage Development Plan: Under the agreement, Hydrix will perform development work for Picard and SynCardia through the end of 2026, with the program structured to advance through defined engineering verification and regulatory milestones, ensuring compliance with technical progress and safety validation.
See More
Picard Medical Partners with Hydrix to Develop Next-Gen Total Artificial Heart
- Collaboration Agreement: On January 5, 2026, Picard Medical entered into a development collaboration agreement with Hydrix to initiate the initial development phase for the next-generation fully implantable Total Artificial Heart, Emperor, aimed at enhancing patient mobility and convenience.
- Strategic Partner Selection: SynCardia chose Hydrix based on its proven expertise in complex critical engineering and a strong track record in developing regulated medical devices, reflecting Picard's commitment to high-value long-term development programs.
- Tax Incentive Potential: The collaboration may allow Picard to benefit from Australian R&D tax incentives of approximately 43% of eligible expenditure, providing additional financial support to foster technological advancements.
- Multi-Stage Development Plan: Under the agreement, Hydrix will conduct development work through the end of 2026, with the program structured to advance through defined engineering verification and regulatory milestones, ensuring compliance with safety validation and technical progress for long-term objectives.
See More
Picard Medical Attends J.P. Morgan Healthcare Conference to Showcase Artificial Heart Technology
- Industry Conference Participation: Picard Medical will attend the J.P. Morgan Healthcare Conference and related events on January 12 and 14, 2026, showcasing its innovations in cardiac care to enhance the company's visibility and influence in the healthcare sector.
- Technological Leadership: As the world's first manufacturer of a total artificial heart approved by both the FDA and Health Canada, Picard Medical's SynCardia system has performed over 2,100 implants across 27 countries, highlighting its market leadership in treating heart failure.
- Market Expansion Opportunities: By participating in LifeSci Advisors' Corporate Access Event, Picard Medical aims to engage in one-on-one meetings with potential investors and partners, further driving strategic collaborations and market expansion in the medtech field.
- Innovative Product Showcase: The SynCardia Total Artificial Heart is the only commercially available artificial heart in the U.S. and Canada, and this conference is expected to provide a crucial platform for future market promotion and product development.
See More
