Investors of Easterly ROCMuni Fund Urged to Join Securities Fraud Class Action

Investors Can Lead Class Action Against Easterly ROCMuni Fund

The Easterly ROCMuni High Income Municipal Bond Fund, previously known as Principal Street High Income Municipal Fund, has recently come under scrutiny as investors have been presented with an opportunity to take legal action. The Law Offices of Frank R. Cruz has announced that those who have suffered financial losses linked to this fund can now step forward as lead plaintiffs in a securities fraud class action lawsuit. This opportunity is particularly crucial for individuals who invested in the fund between July 29, 2022, and June 12, 2025.

Fund Overview and Allegations

The allegations outlined in the lawsuit are serious. The complaint states that the defendants, in charge of managing the fund, knowingly misled investors by inflating the value of portfolio assets by tens of millions of dollars, which did not accurately reflect the fair market value of those assets. This artificially inflated pricing is said to have been part of a faulty valuation methodology that exaggerated the fund's net asset value (NAV) and the values of individual assets.

Furthermore, it has been revealed that the fund had a more significant investment in illiquid assets and lower diversification than was represented in its Offering Materials. This misrepresentation resulted in the fund's NAV and historical performance being significantly overstated. Investors were led to believe in a secure investment; however, the reality was a far more precarious situation that posed substantial risks of abrupt price drops in fund shares.

Legal Action and Participation

The deadline for potential lead plaintiffs to join this securities fraud lawsuit is September 22, 2025. Investors are urged to take action before this deadline if they wish to be part of the class. Participating in this lawsuit provides an avenue for investors to recover their losses due to alleged fraudulent practices. Investors interested in joining the lawsuit are encouraged to contact the Law Offices of Frank R. Cruz for more information.

The firm has made it clear that no immediate action is required from investors wishing to join the class action. Individuals can choose to retain their legal counsel or remain passive participants in the class action. For those who wish to inquire further, they should reach out via email or telephone, ensuring they provide their personal information, including their mailing address, phone number, and the amount of shares purchased.

Conclusion

This significant legal opportunity arises amidst serious allegations against the management of the Easterly ROCMuni Fund. Investors who have experienced losses are strongly recommended to consider this legal action, ensuring that their voices are heard and their losses potentially addressed. As the situation develops, updates will be posted by the Law Offices of Frank R. Cruz, keeping all involved parties informed. Protecting investor rights and seeking accountability for the alleged misconduct in this case is paramount. Reach out to learn more about your rights in this situation.