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

Class Action Warning for Investors in Easterly ROCMuni High Income Municipal Bond Fund

Overview
Pomerantz LLP, a prominent law firm, has initiated a class action lawsuit on behalf of investors in the Easterly ROCMuni High Income Municipal Bond Fund, previously known as the Principal Street High Income Municipal Fund. This action has been taken to address concerns regarding potential violations of federal securities laws, involving significant misrepresentations and improper handling of fund assets. Investors are encouraged to engage by reaching out to the firm for guidance on participation.

Key Details of the Lawsuit
The lawsuit claims that the fund's management made several untrue statements and omitted vital information regarding the fund's operations, which materially misled investors. The allegations indicate the following critical points:
1. Overvaluation of Assets: The fund allegedly inflated the value of its portfolio assets by tens of millions of dollars, misrepresenting their fair market value.
2. Flawed Pricing Methodology: The valuation strategies employed by the fund were reportedly deeply flawed, causing a systematic inflation of both the Fund's Net Asset Value (NAV) and the valuation of individual assets.
3. Investment in Illiquid Assets: Contrary to stated policies, the fund’s investments were reportedly more directed towards illiquid assets than communicated to investors.
4. Lack of Diversification: It was also alleged that the assets of the Fund were less diversified and more correlated than disclosed, which raises concerns about the risk profile that was not properly communicated to investors.
5. Misstated NAV and Performance: As a direct consequence of these actions, the Fund's NAV, per-share values, and historical performance reports were materially overstated.
6. Undisclosed Risks: The lawsuit highlights that the Fund was subject to significant risks associated with an abrupt decline in share prices that remained undisclosed to investors.

Investors who acquired securities of the fund during the specified class period must act by September 22, 2025, if they aim to be appointed as Lead Plaintiff. Interested parties can explore more detailed information and obtain a copy of the complaint by visiting Pomerantz Law Firm's website.

Contact Information
Affected investors may reach out to Danielle Peyton at Pomerantz LLP via email at [email protected] or call at 646-581-9980, toll-free number 888.4-POMLAW (Ext. 7980). When contacting, please include your address, phone number, and details about the shares purchased for record-keeping.

About Pomerantz LLP
Founded over 85 years ago by Abraham L. Pomerantz, who is acknowledged as a pioneer in class action law, Pomerantz LLP has built a reputation as one of the leading firms in corporate, securities, and antitrust litigation. With offices located in major cities such as New York, Chicago, London, and others, the firm is committed to fighting for investors' rights and has successfully recovered substantial damages for class action members in previous lawsuits.
To find out more about the firm and its services, visit their official website at www.pomerantzlaw.com.

Final Remarks
The unfolding events surrounding the Easterly ROCMuni High Income Municipal Fund underscore the importance of scrutinizing investment communications and practices. As this legal action progresses, it serves as a stark reminder for investors to remain vigilant and informed regarding their investment strategies and potential risks. For those affected, acting quickly can pave the way for possible restitution as this class action develops.