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Zynex, Inc. Class Action Alert

Levi & Korsinsky, LLP has taken the initiative to inform investors of Zynex, Inc. (NASDAQ: ZYXI) about an ongoing class action securities lawsuit that is being filed in relation to the company. This action is crucial for those who have invested in Zynex and may have experienced financial loss due to the alleged fraudulent practices of the company. The lead plaintiff deadline for this lawsuit is set for May 19, 2025.

Understanding the Lawsuit

The class action lawsuit is aimed at recovering losses sustained by Zynex investors who believe they were negatively impacted by alleged securities fraud between March 13, 2023, and March 11, 2025. The claims against the company include serious allegations such as shipping an excess of products, which artificially inflated revenue figures, and filing false claims that drew scrutiny from important insurers, including the military health insurance program, Tricare.

Allegations Against Zynex

The lawsuit's complaint outlines colorful accusations against Zynex, asserting that the company misled investors and misrepresented its business practices. Key allegations include:
1. Excess Product Shipments: Zynex purportedly shipped more products than necessary, leading to inflated income statements.
2. Revenue Inflation: This oversupply was said to have positively affected the company's revenue figures, creating a false sense of fiscal health.
3. Scrutiny from Insurers: As a consequence of these activities, Zynex attracted negative attention from various insurers, leading to concerns about its ongoing business prospects.
4. Potential Penalties: There are fears surrounding the potential ramifications of these actions, including removal from insurer networks and possible federal penalties.
5. Misleading Statements: The lawsuit claims that optimistic statements made by company officials regarding its operations were significantly misleading and lacked a robust foundation.

What Should Investors Do?

For those who sustained losses during the relevant period, it is imperative to take action before the deadline. Investors are encouraged to act quickly if they wish to be considered for lead plaintiff status in the lawsuit. However, it is essential to note that participating in the class action does not require one to serve as a lead plaintiff to potentially receive compensation.

Zero-Cost Participation

An appealing aspect of this class action is that there is no out-of-pocket cost for those who qualify as class members. Individuals can participate in the process without bearing any initial financial burden, which is a significant incentive for potential claimants.

Why Choose Levi & Korsinsky?

Levi & Korsinsky, a well-established firm in securities litigation, boasts a solid track record of recovering substantial funds for aggrieved shareholders over the past 20 years. They have successfully navigated complex securities lawsuits, making them a formidable ally for Zynex investors. Their team consists of over 70 legal professionals, emphasizing their commitment to effectively representing clients in high-stakes situations. The firm has consistently ranked among the top securities litigation firms in the United States, further underscoring their reputation in this field.

Contact Information

Investors who wish to gain further insights or who have questions about their involvement should contact Joseph E. Levi, Esq. via phone at (212) 363-7500 or through email. Additionally, a submission form for those interested in joining the lawsuit can be found through the firm’s website.

For Zynex investors who believe they might be eligible for compensation, now is the time to act. Engage with Levi & Korsinsky and gather the necessary information to ensure your rights are safeguarded as this case continues to evolve.