#United States #Securities Fraud #Bensalem #Howard G. Smith #Zynex

Zynex, Inc. Investors Step Up for Securities Fraud Class Action

Investors who have suffered significant losses from their investments in Zynex, Inc., traded under the NASDAQ symbol ZYXI, are presented with a noteworthy opportunity to take a leadership role in a class-action lawsuit related to securities fraud. This class action is being organized by the Law Offices of Howard G. Smith, which has issued an urgent call to affected investors to make their voices heard as they seek accountability.

The deadline for potential lead plaintiffs in the case is approaching quickly - May 19, 2025 - and investors are encouraged to act swiftly. The lawsuit stems from allegations that Zynex engaged in misleading practices that unjustly inflated its revenue, putting investors at risk and potentially leading to harsh consequences.

Understanding the Allegations Against Zynex

Between March 13, 2023, and March 11, 2025, the complaint alleges that Zynex did not fully disclose crucial information to its investors. Some of these key allegations include:

1. Excessive Product Shipments: Zynex reportedly shipped an excessive number of products, including electrodes, which led to inflated revenue figures.
2. Misleading Financial Statements: The financial statements presented by the company were claimed to be materially misleading, failing to reflect the true nature of its operations and prospects.
3. Insurance Scrutiny: The company faced scrutiny from insurance entities, such as Tricare, due to its practices, which raises concerns about the sustainability of its business operations.
4. Potential Penalties: There is mediation over whether the company would endure adverse penalties, including being removed from insurer networks or facing federal government repercussions.
5. Misleading Statements: Given the above points, the company's optimistic statements about its business outlook came under fire for lacking a reasonable foundation and thereby misleading investors.

These allegations reveal a concerning pattern that, if proven true, could have significant repercussions not only for Zynex but also for the investors affected by these actions.

How to Participate in the Class Action

If you are among those investors who have sustained losses due to these practices, it’s essential to reach out to the Law Offices of Howard G. Smith. They are available for consultations and can provide the necessary support to guide you through the participation process in this crucial legal action.

You can contact them via:

• - Email: info@howardsmithlaw.com
• - Phone: (215) 638-4847
• - Website: www.howardsmithlaw.com

It’s vital to note that taking action is not mandatory at this stage for joining the class action. Investors may choose to retain counsel of their preference or opt to remain absent but still retain their rights as an absent member of the class action.

Final Thoughts

The unfolding situation at Zynex, Inc. highlights important elements of corporate governance and investor rights. For those affected, now is the time to step up and consider leading the way in this class-action lawsuit that may pave the path to recovery.

In the coming months, as the situation develops, further updates will continue to emerge, and investors must stay informed. The looming deadline should serve as a reminder that action is imperative to safeguard their interests and pursue justice against doubts surrounding Zynex's business practices.