#United States #New York #Class Action #Rosen Law Firm #Easterly ROCMuni

Rosen Law Firm Issues Important Investor Alert

The renowned Rosen Law Firm, known internationally for its advocacy on behalf of investors, recently filed a crucial class action lawsuit concerning the Easterly ROCMuni High Income Municipal Bond Fund (formerly identified as the Principal Street High Income Municipal Fund). This action is particularly relevant for individuals who acquired shares of the fund under the ticker symbols RMJAX, RMHVX, and RMHIX during the designated Class Period from May 5, 2023, to June 12, 2025.

What This Means for Investors

If you purchased shares of the Easterly ROCMuni Fund during the aforementioned timeframe, you could be entitled to compensation without incurring any upfront legal fees. Rosen Law Firm’s provisions allow for a contingency fee arrangement, meaning investors will not need to pay out of pocket to seek recovery.

Important Deadlines

Investors interested in potentially serving as lead plaintiffs in this class action lawsuit must act swiftly, as the deadline to file a motion is September 22, 2025. This role is crucial, as a lead plaintiff influences the case's direction and represents the interests of all affected parties.

Details of the Allegations

According to the allegations presented in the lawsuit, numerous misleading statements were made by the fund’s defendants throughout the Class Period. Specifically, the fund reportedly:
1. Marked its portfolio assets at inflated values that did not reflect their actual fair value.
2. Adopted a flawed pricing and valuation methodology, which artificially inflated the fund's net asset value (NAV) and the valuations of individual assets.
3. Over-invested in illiquid assets more than previously disclosed.
4. Presented a less diversified portfolio than indicated.
5. Resulted in the NAV and historical performance metrics being significantly overstated.
6. Induced undisclosed risks that could trigger a sudden collapse in the price of the fund's shares.

Taking Action

Potential plaintiffs or interested investors should visit Rosen Law's submission page for further information. Alternatively, anyone can reach out directly to Phillip Kim, Esq. at 866-767-3653 or via email at [email protected]

It’s crucial to recognize that, as of now, no class has been certified. Until that occurs, investors aren't represented unless they have secured their own legal counsel. However, participation as a lead plaintiff is not mandatory for individuals wishing to benefit from any future settlements.

Why Choose Rosen Law Firm?

Rosen Law Firm's strong reputation in the field of securities litigation is backed by significant achievements. The firm was previously recognized for securing record-breaking settlements for investors and was ranked No. 1 in securities class action settlements by ISS Securities Class Action Services in 2017. They have a proven track record of recovering substantial amounts for investors, which only highlights their capabilities.

Follow for Updates

For updates on this case and related opportunities, investors are encouraged to follow the Rosen Law Firm on their official social media channels, including LinkedIn, Twitter, and Facebook.

In pursuit of justice and compensation, it’s paramount for affected investors to take timely actions, secure knowledgeable counsel, and understand the intricacies of this class action lawsuit regarding the Easterly ROCMuni Fund.