#USA #Los Angeles #Schall Law Firm #Securities Fraud #Easterly ROCMuni Fund

Overview of the Lawsuit Against Easterly ROCMuni Fund

The Schall Law Firm is spearheading an initiative urging investors who purchased shares in the Easterly ROCMuni High Income Municipal Bond Fund to consider participating in a class-action lawsuit. Investors who bought into the Fund's securities between May 5, 2023, and June 12, 2025, are particularly urged to reach out before the deadline of September 22, 2025. This lawsuit is positioned against the Easterly ROCMuni Fund's management over alleged violations of federal securities laws.

Allegations of Misleading Statements

The core allegation presented in the complaint highlights that the Fund's management made several misleading statements regarding the actual pricing and valuation of its assets. Specifically, it is claimed that the assets were overvalued well beyond their fair market value. The misrepresentation of asset valuations raised concerns among investors who relied on the Fund’s reported net asset value (NAV) and overall performance claims.

The Implications of Overvaluation

It has come to light that the Easterly ROCMuni Fund utilized a flawed methodology for pricing its portfolio. This resulted in an inflated NAV, which painted a picture of financial stability that was contrary to reality. Investors were allegedly led to believe that they were participating in a well-managed investment, while in truth, the overstatement of asset values carried the risk of significant losses when the true nature of the Fund's financial condition became known.

Who Should Join the Class Action?

If you are a shareholder who has suffered losses during the designated class period, your participation in this case could be vital. It is essential to discuss your potential claims with a representative from the Schall Law Firm, which prides itself on advocating for shareholder rights and has substantial experience in securities class action lawsuits. Brian Schall, an attorney with the firm, is available for consultations and can provide guidance on how best to proceed.

The Role of Class Action Lawsuits

Class action lawsuits serve a significant function in the realm of investor protections, especially when an issue affects a large number of shareholders. By pooling claims, investors enhance their chances of a successful outcome. The collective nature of these cases often draws more attention from the courts and can lead to substantial settlements or judgments against negligent parties.

Next Steps for Interested Investors

Interested investors are invited to contact the Schall Law Firm before the set deadline. Whether through phone at 310-301-3335 or via their website, potential plaintiffs can obtain specialized advice on their rights and the benefits of joining this class action. Investors should be aware that until the class is certified, their participation is not formally recognized.

Conclusion

The Schall Law Firm aims to recover losses incurred by investors misled by the Easterly ROCMuni Fund's misrepresented financial standings. As this lawsuit unfolds, it highlights the critical nature of diligence among investors and the need for accountability within investment management practices. Join this opportunity to seek restitution for any financial harms suffered during the time you held shares in the Fund.