#United States #New York #Class Action #Gross Law Firm #Zynex Inc

Zynex, Inc. Shareholders Alerted to Class Action Lawsuit

Zynex, Inc. (NASDAQ: ZYXI) has come under scrutiny as a class action lawsuit led by the Gross Law Firm has been initiated on behalf of its investors. This significant development centers on allegations concerning misleading statements and improper business practices that could have impacted the company's stock value and investor decisions.

The Gross Law Firm is reaching out to shareholders who purchased Zynex shares between March 13, 2023, and March 11, 2025. Those affected are encouraged to contact the firm not only for potential lead plaintiff appointment but also to register their stake in the current legal proceedings. Importantly, being a lead plaintiff is not a prerequisite for participating in any recovery the lawsuit might yield.

Allegations Against Zynex, Inc.

The crux of the allegations in this class action highlights several serious claims:

• - Excessive Shipments: Zynex purportedly shipped medical products, notably electrodes, beyond actual demand, raising questions about their business practices and revenue reporting.
• - Inflated Revenue Reports: This excess product shipment led the company to inflate its revenue, which could have misled investors about its true financial health.
• - Insurer Scrutiny: The lawsuit points out that Zynex's actions drew scrutiny from insurance entities, including Tricare—the U.S. military health insurance program. This reputation jeopardization could result in adverse outcomes for Zynex, such as removal from insurer networks and federal penalties.
• - Misleading Statements: Throughout the class period, Zynex allegedly made positive statements regarding its business operations and future prospects that lacked a factual basis due to the misconduct described.

Important Deadlines

Shareholders interested in pursuing the lawsuit must act quickly, as the deadline for registration is May 19, 2025. The Gross Law Firm has set up a convenient process through their website for shareholders to register their information and stay updated on the case’s progress. Enrolling in this portfolio monitoring service ensures that participants receive timely updates throughout the litigation process.

Why Choose the Gross Law Firm?

The Gross Law Firm prides itself on its reputation as a leading class action law firm dedicated to safeguarding the rights of investors. They have a strong commitment to ensuring corporate accountability and protecting investors who have suffered due to deceitful corporate behaviors. They firmly believe in the importance of responsible business practices and corporate ethics, actively seeking redress for those whose investments have been impacted by false or misleading corporate statements.

Next Steps for Zynex Investors

All Zynex, Inc. shareholders who purchased shares during the specified class period should reach out to the Gross Law Firm without delay. Not only can participating in this lawsuit provide potential recovery for losses incurred, but it also holds the company accountable for its actions. There is no cost or obligation for shareholders to participate, making this an important opportunity for those affected.

For further inquiries or to engage the Gross Law Firm’s services, shareholders can visit their official website or contact them directly via email or phone. Their New York office is located at 15 West 38th Street, 12th floor, illustrating their operational presence and commitment to their clients.

As the May 19, 2025 deadline looms, the urgency for all affected Zynex shareholders to step up cannot be overstated. It’s a pivotal moment for those who challenge corporate misconduct while striving to protect their investment interests and pursue justice.