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

Investor Alert: Class Action Lawsuit Against Easterly ROCMuni High Income Municipal Bond Fund

Pomerantz LLP has recently announced the initiation of a class action lawsuit regarding the Easterly ROCMuni High Income Municipal Bond Fund, formerly known as Principal Street High Income Municipal Fund. This legal action presents an opportunity for investors to seek recourse for potential violations of federal securities laws and other business practices deemed unlawful.

The firm is inviting investors who held securities in the fund categorized under RMHIX, RMHVX, and RMJAX to come forward. Investors are provided with a deadline of September 22, 2025, to apply as Lead Plaintiff if they purchased shares during the specified Class Period. Those interested in participating can reach out directly to Danielle Peyton at Pomerantz LLP via email or phone.

Allegations against the Fund

The crux of the allegations centers on significant discrepancies within the Fund's financial reporting and the management of its investment activities. The lawsuit accuses responsible parties, including investment companies and advisers, of misrepresentation in the documentation linked to the Fund's shares, known as the Offering Materials.

Key points of contention highlighted in the lawsuit include:

• - The Fund is accused of inflating the value of its portfolio assets artificially, which may not reflect their actual fair market value.
• - Allegations that a faulty pricing and valuation strategy was utilized, leading to an inflated Net Asset Value (NAV) and valuation of individual assets.
• - The Fund purportedly had a higher concentration of illiquid assets than disclosed, posing risks to investors that were not adequately communicated.
• - It is claimed that the assets of the Fund were less diversified than portrayed, leading to artificially high NAV figures and historical performance metrics.
• - Most critically, these practices created undisclosed risks, including the impending threat of a sudden collapse in the Fund's share pricing.

Investors are strongly encouraged to review their options and consider joining the class action as the lawsuit progresses. The complaint document provides further details regarding the allegations and the actions available to fund investors. A copy is accessible via the Pomerantz Law Firm's official website.

About Pomerantz LLP

Recognized as a leading firm in corporate and securities class litigation, Pomerantz LLP has been advocating for the rights of investors for over 85 years. Founded by Abraham L. Pomerantz, the firm has established a strong track record in recovering significant financial awards for victims of securities fraud and corporate misconduct. The firm operates not only in the United States but also has a presence in international hubs like London and Paris, continuing to uphold the principles set by its founder. With a commitment to fighting for justice, Pomerantz LLP remains a formidable player in the realm of class action litigation.

For more information about the lawsuit or to join the class action, please contact Pomerantz LLP directly. This development serves as a reminder of the importance of investor vigilance and the crucial role of legal recourse in the financial landscape.

Contact Information:
Danielle Peyton
Pomerantz LLP
Email: [email protected]
Phone: 646-581-9980 ext. 7980

Together, investors can stand against potential misconduct and seek justice in this high-stakes environment.