Zynex, Inc. Class Action Lawsuit Alert
On March 17, 2026, The Gross Law Firm issued an alert to shareholders of
Zynex, Inc. (OTC PINK: ZYXIQ) regarding potential legal action amid serious allegations of fraudulent activities. If you purchased shares of ZYXIQ between
February 25, 2021, and
December 15, 2025, it is critical to understand your rights and options moving forward.
Overview of the Allegations
The allegations against Zynex involve a series of misleading statements made by the company's management, which purportedly inflated the company's revenue figures. Here's a breakdown of the key accusations:
1.
Excessive Product Shipments: It's alleged that Zynex shipped products, specifically electrodes, beyond market demand, resulting in inflated revenue.
2.
False Claims: The company’s practices reportedly attracted scrutiny from insurers, including the
Tricare health insurance program, indicating potential legal ramifications.
3.
Fraudulent Overbilling: In a significant move, travelers commenced action against Zynex and its executives, including CEO
Thomas Sandgaard, over claims of a fraudulent overbilling scheme that seeks damages exceeding
$23 million.
4.
Poor Compliance Practices: Prioritizing aggressive sales tactics over compliance with industry regulations has raised flags regarding Zynex's corporate governance.
5.
Stock Manipulation: The firm's management allegedly engaged in stock repurchase programs that may have inflated stock prices artificially, indicating a lack of transparency and ethical conduct.
Registration and Participation
Shareholders are encouraged to register for this class action by visiting the Gross Law Firm’s website. Notably, registration must be completed by
April 21, 2026, to be eligible to participate in the legal action. Shareholders can enroll in monitoring software that will keep them updated on the case's progress.
There is no obligation or cost associated with joining the class action.
Why Choose Gross Law Firm?
The Gross Law Firm is a nationally recognized entity specializing in class action lawsuits, dedicated to safeguarding the rights of investors who have suffered from fraudulent behaviors. They are committed to fostering accountability in business practices and recovering losses incurred by investors due to misleading information.
For any shareholder affected by the situation at Zynex, it is essential to act promptly. The Gross Law Firm's mission is to hold companies accountable for their actions and ensure that investors are fairly compensated for any wrongdoings. By coming together, affected shareholders can pursue justice effectively.
Contact Information
For more information and to take the necessary steps, shareholders can reach out to The Gross Law Firm at:
- - Address: 15 West 38th Street, 12th Floor, New York, NY, 10018
- - Email: [email protected]
- - Phone: (646) 453-8903
Do not delay in registering for this class action. Your timely action can make a significant difference in the pursuit of justice and potential recovery of losses.
Stay informed about your rights and join the fight against corporate misconduct today!