#United States #New York #Rosen Law Firm #Easterly Funds #ROCMuni Fund

Investors in Easterly ROCMuni Municipal Bond Fund Have Opportunity to Lead Class Action

In recent developments in the world of investment litigation, the Rosen Law Firm, a well-respected global investor rights law firm, has announced a crucial opportunity for investors in the Easterly ROCMuni High Income Municipal Bond Fund. This fund, previously known as the Principal Street High Income Municipal Fund, has come under scrutiny due to alleged misrepresentations regarding its asset valuations and risk exposure.

Important Class Action Details

The firm is encouraging those who purchased shares of the Easterly ROCMuni High Income Municipal Bond Fund between May 5, 2023, and June 12, 2025, to consider taking legal action. A class action lawsuit has already been initiated, and potential class members are being reminded of the significant deadline of September 22, 2025, to designate a lead plaintiff. A lead plaintiff's role is critical, as they represent the interests of the entire class throughout the litigation process.

No Fees for Participation

One appealing aspect of joining this class action is that investors may be entitled to compensation without incurring any out-of-pocket costs. This is facilitated through a contingency fee structure, which means that fees are only collected if there’s a successful recovery.

Allegations Against the Fund

According to the lawsuit, during the defined class period, several misleading statements were made by the fund's management which have significant implications:
1. Inflated Asset Valuations: The fund allegedly marked millions of dollars' worth of its portfolio assets at artificially inflated prices that did not reflect their true fair value.
2. Faulty Valuation Methodology: A flawed pricing and valuation method was purportedly used, which systematically inflated the fund's net asset value (NAV) and the valuation of individual assets.
3. Investment in Illiquid Assets: The fund's portfolio was reportedly more heavily invested in illiquid assets than was disclosed, leading to heightened risk for investors.
4. Misrepresentation of Diversification: There were claims that the assets in the fund were less diversified than what had been presented to investors in offering materials.
5. Stated NAV Overstatements: As a result of these issues, the fund's stated NAV and historical performance metrics were materially overstated, creating a false sense of security among investors.
6. Undisclosed Risks: Ultimately, the fund was found to be subject to significant undisclosed risks, including the potential for a rapid decline in share prices due to these misrepresentations.

How to Join the Class Action

Investors wishing to participate in the Easterly ROCMuni High Income Municipal Bond Fund class action lawsuit can do so by visiting the Rosen Law Firm's website, or by directly contacting Phillip Kim, Esq. at 866-767-3653. Email communication can also be directed to [email protected] for more detailed information regarding this ongoing legal matter.

The Importance of Representation

In such cases, the choice of legal representation can make a significant difference. Rosen Law Firm has a proven track record in securing favorable outcomes for investors and has been recognized as a leader in securities class action settlements. Founded by Laurence Rosen, the firm has consistently secured recoveries in high-profile cases, including substantial settlements against major corporations.

As investors consider their options, it is critical to understand that until the class is certified, individuals are not automatically represented unless they retain legal counsel. Investors can choose to remain passive as absent class members or take active steps to engage with the lawsuit, including possibly serving as lead plaintiff.

Follow for Updates

Investors are encouraged to stay informed about the latest developments in this case by following updates from the Rosen Law Firm. You can keep track of progress and important announcements via their LinkedIn, Twitter, or Facebook profiles.

In conclusion, this lawsuit presents a significant opportunity for investors in the Easterly ROCMuni High Income Municipal Bond Fund to seek compensation for potential losses. With upcoming deadlines, affected investors should act swiftly to ensure their rights are protected.