#USA #New York #Class Action #Pomerantz LLP #Easterly ROCMuni

Class Action Alert for Investors in Easterly ROCMuni High Income Municipal Bond Fund

Pomerantz LLP has recently announced that a class action lawsuit has been initiated on behalf of investors in the Easterly ROCMuni High Income Municipal Bond Fund, previously known as the Principal Street High Income Municipal Fund. This legal action highlights potential violations of securities laws that could be crucial for investors who have bought into the fund. The specific identifiers for the fund include RMHIX, RMHVX, and RMJAX.

Background of the Lawsuit

The lawsuit is aimed at addressing alleged unlawful business practices related to the Fund’s management and its offering materials. According to the complaint, the investment companies, advisers, and underwriters involved in the handling of the Fund's shares are accused of issuing misleading statements and omitting critical facts that could have affected investors' decisions.

Notably, the allegations suggest that the Fund substantially inflated values of its portfolio assets, applying erroneous pricing methodologies that do not accurately reflect the fair market value of those assets. This misleading practice purportedly resulted in significant overstatements of the Fund’s net asset value (NAV) and individual asset valuations, potentially enriching the Fund’s management at the expense of its investors.

Specific Allegations

The details of the lawsuit reveal several key concerns:

• - The Fund reportedly marked its assets at prices much higher than their actual market values.
• - A flawed valuation methodology was allegedly used, which systematically inflated the Fund's NAV and the valuations of individual assets within the portfolio.
• - Contrary to its disclosure, the Fund held a larger proportion of illiquid assets than stated, raising risks for investors.
• - The lack of diversification in the Fund’s investments was inadequately disclosed, yielding an inflated perception of stability.
• - These misleading practices led to an unduly optimistic view of the Fund's performance, placing investors at undue risk of a sudden collapse.

Important Deadlines

Investors are urged to take prompt action, as the deadline to act as a Lead Plaintiff in this class action case is September 22, 2025. Those who purchased or acquired securities in the Fund during the designated Class Period should consider reaching out to Pomerantz LLP for further details regarding their potential rights and claims.

To join the class action or gather more information, interested parties can contact Danielle Peyton at Pomerantz LLP via email at [email protected] or by phone at 646-581-9980, directly extending their inquiries to a dedicated toll-free service.

About Pomerantz LLP

Recognized as a leading firm in corporate and securities class actions, Pomerantz has a rich history dating back more than 85 years. Founded by the late Abraham L. Pomerantz, the firm has been pivotal in the development of securities litigation and continues to pursue justice for victims of securities fraud and corporate malpractice. With offices in major cities, including New York, Chicago, and London, Pomerantz LLP has secured numerous multi-million-dollar settlements on behalf of its clients, showcasing its commitment to protecting investor rights.

For further details about the case and specific information on how to become involved, investors can visit the firm’s website at www.pomerantzlaw.com, where more about their initiatives and past successes can be reviewed.

Through this lawsuit, Pomerantz reaffirms its dedication to advocating for investors and holding accountable those who violate securities regulations.