Easterly ROCMuni Bond Fund Investors Urged to Act Before Deadline for Class Action Lawsuit

Important Class Action Lawsuit for Easterly ROCMuni Investors

The time is running out for investors in the Easterly ROCMuni High Income Municipal Bond Fund, trading under the tickers RMJAX, RMHVX, and RMHIX. The Rosen Law Firm, a leading global investor rights law firm, has issued a reminder for all purchasers of shares of this fund during the defined Class Period, which spans from May 5, 2023, to June 12, 2025. This deadline on September 22, 2025, is crucial for anyone looking to take a leadership role in the class action lawsuit now underway.

Investors who acquired shares during this time frame might be eligible for compensation through a contingency fee arrangement, which means that they will not incur any out-of-pocket expenses for legal fees until a recovery is achieved.

Steps to Take for Interested Investors

To participate in the class action against the Easterly ROCMuni High Income Municipal Bond Fund, investors have a couple of options. They can visit the Rosen Law Firm’s dedicated page at rosenlegal.com or directly contact Phillip Kim, Esq., via phone at 866-767-3653 or email at [email protected].

What Defines a Lead Plaintiff?

Acting as a lead plaintiff in a class action lawsuit means taking on the responsibilities of representing the interests of all class members in managing the litigation process. Investors must submit their motion to the Court by the September deadline to be considered for this role.

Background on the Class Action

The allegations in the lawsuit expose serious deficiencies regarding the management of the Easterly ROCMuni High Income Municipal Bond Fund. Throughout the Class Period, it is asserted that the defendants misrepresented and omitted vital information regarding the Fund's worth. Key claims include:
1. The Fund’s portfolio assets were marked at unrealistically high prices, which did not correspond to their fair value.
2. A flawed pricing and valuation methodology that led to inflated net asset values (NAVs) affecting the Trust's historical performance.
3. Disclosures regarding the Fund's investment in illiquid assets were inadequate, contributing to a heightened risk of potential losses.
4. The apparent lack of diversification within the Fund's holdings was misrepresented to investors.
5. The Fund was subject to significant hidden risks that could precipitate the value of shares collapsing unexpectedly.

This case highlights the importance for investors to carefully select counsel and engage with law firms known for their success in securities class actions. The Rosen Law Firm has been recognized as one of the top firms in this field, securing numerous significant settlements and achieving recognition for their work.

What Next?

Those who are currently not participating in this lawsuit have the option to remain class members and wait. However, doing so means that individuals will not be officially represented in the current proceedings unless they specifically choose legal representation. Moreover, participation doesn't hinge on acting as a lead plaintiff. The firm emphasizes the option of selecting one's own legal counsel as a prudent choice for any investor considering this action.

Investors can stay updated by following the Rosen Law Firm on their official social media handles, including LinkedIn, Twitter, and Facebook.

In conclusion, it is vital for affected investors to act promptly and stay informed as this deadline approaches, ensuring that they safeguard their rights and potential recoveries in the ongoing class action.