#United States #New York #Class Action #Levi & Korsinsky #Zynex

Legal Alert: Join the Zynex Class Action Lawsuit

Investors in Zynex, Inc., a company listed on NASDAQ as ZYXI, have the opportunity to join a class action lawsuit initiated by Levi & Korsinsky, LLP. This legal action aims to recover losses suffered by shareholders due to alleged securities fraud that occurred between March 13, 2023, and March 11, 2025.

Class Definition and Allegations

The lawsuit targets Zynex, Inc. investors who faced adverse impacts from the company’s purported deceptive practices during the specified period. According to the filed complaint, certain defendants at Zynex reportedly made misleading statements and concealed critical information. The allegations include:
1. Zynex allegedly shipped products, including electrodes, in quantities that exceeded actual market demand.
2. Consequently, the company was accused of inflating its revenue figures artificially.
3. This practice reportedly raised eyebrows among insurers and prompted scrutiny, notably from the U.S. military health insurance program, Tricare.
4. There are concerns that Zynex could face severe repercussions, such as potential removal from insurance networks and penalties from federal authorities.
5. Overall, positive assertions regarding Zynex's business trajectory were allegedly misleading and lacked reasonable grounding due to the aforementioned practices.

Next Steps for Investors

If you suffered financial losses from investing in Zynex during the specified period, it's vital to act quickly. Interested parties have until May 19, 2025, to request the court appoint them as lead plaintiffs in the lawsuit. However, it’s important to note that involvement in the case does not require serving as a lead plaintiff to share in any potential recovery.

No Financial Risk

Participation in the lawsuit carries no costs for class members. Investors can potentially receive compensation without any out-of-pocket expenses or fee obligations. Levi & Korsinsky extends an invitation to all eligible shareholders who wish to pursue claim recovery under the class action framework.

Why Choose Levi & Korsinsky

For over two decades, Levi & Korsinsky has amassed a robust record of recovering hundreds of millions of dollars for aggrieved shareholders. Their expertise in complex securities litigation is well-recognized, with a dedicated team of over 70 professionals ready to assist clients in navigating these challenges. Moreover, the firm has consistently ranked among the top securities litigation firms in the United States, according to the ISS Securities Class Action Services' Top 50 Report.

Contact Information

For inquiries regarding this class action suit, investors are encouraged to reach out directly to:
Joseph E. Levi, Esq.
Levi & Korsinsky, LLP
33 Whitehall Street, 17th Floor
New York, NY 10004
Email: [email protected]
Phone: (212) 363-7500

In summary, those who have invested in Zynex and believed they experienced losses due to securities fraud may have a path to recovery. Proactive steps taken by investors can open avenues for compensation, ensuring their rights are protected under the law. More information about the lawsuit can be accessed through the link provided in the original announcement.