#United States #New York #Wolf Haldenstein #Municipal Bonds #Easterly ROCMuni

Legal Alert for Investors of Easterly ROCMuni Funds

Investors in the Easterly ROCMuni High Income Municipal Bond Funds, formerly known as Principal Street High Income Municipal Fund, are strongly advised to engage with Wolf Haldenstein Adler Freeman & Herz LLP immediately. The law firm emphasizes the urgency of acting before the lead plaintiff deadline on September 22nd, 2025.

A class action lawsuit has recently been filed, stemming from alarming declines in the value of shares of the Easterly ROCMuni Fund. The lawsuit claims that, on June 13, 2025, the fund marked down its share value by a staggering 30%. Specifically, the Net Asset Value (NAV) for three key shares was negatively impacted: RMHIX was dropped from $6.15 to $4.33, RMHVX went from $6.19 to $4.36, and RMJAX saw a decline from $6.13 to $4.31. This sharp decline initiated a further drop, leading the values to plummet below $3 per share within just two weeks.

Prior to this disaster, the net assets of the Easterly ROCMuni Fund had been healthy, exceeding $230 million as of March 31, 2025. However, by July 8, 2025, these assets dwindled to less than $17 million. The precipitous drop in fund size prompts serious questions about the management and transparency of the fund's operations.

Why Wolf Haldenstein?

Founded in 1888, Wolf Haldenstein Adler Freeman & Herz LLP has built a robust reputation for championing the rights of investors wronged by misleading financial practices. With over 125 years of experience specializing in securities litigation, the firm stands ready to pursue justice for affected investors. Their history of successful advocacy provides a solid foundation for potential claimants considering their next steps.

Victims of the decline in the Easterly ROCMuni Fund who wish to be involved in the class action process or have pertinent information to aid the investigation should reach out to Wolf Haldenstein immediately. Their legal team, led by Gregory Stone, is committed to providing assistance and guiding investors through this trying circumstance.

To get in touch with the firm, individuals can call either (800) 575-0735 or (212) 545-4774. Alternatively, they can email [email protected] to discuss their situation with a legal expert. It’s critical for investors to act swiftly—failure to do so by the forthcoming deadline may forfeit their chance to recover potential losses incurred due to the devaluation of the fund's shares.

The firm cautions that this announcement may be classified as attorney advertising in specific jurisdictions, according to relevant laws and ethical guidelines. As such, investors should see this as a pivotal opportunity to engage legal counsel before the deadline approaches, thus safeguarding their rights and potential financial recovery.

For further inquiries, investors are encouraged to contact Wolf Haldenstein Adler Freeman & Herz LLP’s offices directly, and be prepared to present the details of their investments in the Easterly ROCMuni High Income Municipal Bond Fund. This is a critical moment for investors to band together and seek the justice they rightfully deserve.