#United States #New York #Levi & Korsinsky #Inc. #Securities Fraud #Zynex

Levi & Korsinsky Launches Class Action for Zynex, Inc. Shareholders

On March 11, 2026, Levi & Korsinsky, LLP announced the filing of a class action lawsuit on behalf of shareholders of Zynex, Inc. (OTC PINK: ZYXIQ). This legal action seeks to recover losses incurred by investors due to alleged securities fraud that occurred between February 25, 2021, and December 15, 2025.

Class Action Overview

The legal complaint outlines serious claims against Zynex, asserting that the company and its officials misled investors by making false statements and actively concealing crucial information regarding its business practices. The allegations include:

1. Excessive Product Shipments: Zynex reportedly shipped products, such as electrodes, far beyond market demand.
2. Inflated Revenue Claims: Such practices led to inflated revenue figures, misleading investors about the company's actual financial health.
3. Insurance Scrutiny: The alleged overbilling practices drew attention from insurers, including Tricare, leading to heightened scrutiny of the company’s operations.
4. Legal Actions: In August 2023, a lawsuit was initiated against Zynex by Travelers in California, which claimed that the company had engaged in a fraudulent overbilling scheme, seeking over $23 million in damages related to numerous fraudulent claims.
5. Failure in Oversight: Management allegedly prioritized aggressive sales strategies at the expense of compliance with industry standards, lacking the necessary internal controls to prevent misconduct.
6. Potential Consequences: The company could face severe repercussions, such as exclusion from insurance networks and federal penalties.

What Investors Need to Know

Investors who experienced losses during the specified period have until April 21, 2026, to apply for lead plaintiff status in court. However, even if they do not take on this role, they may still be eligible for compensation, and participation incurs no costs.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has a proven track record in pursuing justice for aggrieved shareholders, successfully securing substantial settlements in high-stakes securities litigation. With over two decades of experience and a dedicated team, the firm stands out as a leader in the field. It has consistently ranked among the top securities litigation firms, according to ISS Securities Class Action Services.

Contact Information

For those impacted by the alleged actions of Zynex, LEVI & KORSINSKY encourages all affected shareholders to reach out to their office. Investors can contact Joseph E. Levi, Esq. at (212) 363-7500 or visit zlk.com for further details regarding the lawsuit and their options for participation.

In closing, the outcomes of this class action could have significant implications for Zynex, Inc. shareholders, as the case unfolds.