#United States #New York #Class Action #Rosen Law Firm #Easterly ROCMuni

Investors of Easterly ROCMuni High Income Municipal Bond Fund Have a Chance to Lead a Significant Lawsuit

In a recent announcement, Rosen Law Firm, renowned for advocating investor rights, is reminding those who purchased shares of the Easterly ROCMuni High Income Municipal Bond Fund—formerly known as Principal Street High Income Municipal Fund—of an important opportunity. If you bought shares between May 5, 2023, and June 12, 2025, you're urged to consider participating in a class action lawsuit against Easterly Funds Trust.

Important Information for Investors

The law firm has established a deadline of September 22, 2025, for investors to step forward as lead plaintiffs. Being a lead plaintiff means you would represent fellow class members and provide direction for the ongoing litigation. This is an essential role, as it underscores the collective goal of seeking justice on behalf of affected investors.

What You Need to Know

Investors of the Easterly ROCMuni High Income Municipal Bond Fund may be entitled to compensation without incurring out-of-pocket fees. The Rosen Law Firm operates on a contingency fee arrangement, meaning that the firm only charges fees if a recovery is achieved.

To join the class action, interested parties can visit this link or contact Phillip Kim, Esq. at 866-767-3653 for further details. An existing class action lawsuit has already been initiated, providing a pathway for recovery for affected investors.

Allegations Against the Fund

The lawsuit brings to light serious allegations against Easterly ROCMuni. It claims that the Fund made misleading statements throughout the class period. Specifically, the allegations include:

1. Inflated Asset Values: The Fund allegedly reported tens of millions of dollars in portfolio assets at artificially high prices that didn’t reflect their actual fair value.
2. Flawed Valuation Methodologies: There are claims that the pricing and valuation methods used were fundamentally flawed, resulting in an inflated Net Asset Value (NAV) for the Fund.
3. Concentration in Illiquid Assets: The Fund reportedly had a heavier investment in illiquid assets than what was disclosed in its marketing materials, creating potential risks that were not communicated to investors.
4. Misleading Asset Correlation: Investors were misled regarding the correlation and diversification of the Fund's assets, which were actually more correlated and less diversified than implied.
5. Overstated Performance Indicators: The Fund's stated NAV and individual asset valuations were materially overstated, leading to inaccurate historical performance figures presented to investors.
6. Risks of Sudden Collapse: As a direct consequence of these misrepresentations, the Fund was allegedly exposed to a significant risk of a sudden drop in share prices, which was not disclosed to investors.

Selecting the Right Counsel

When seeking legal representation, Rosen Law Firm emphasizes the importance of selecting experienced counsel that has a proven track record in securities class actions. Many firms that issue notices may not have the same degree of experience or resources and could merely serve as intermediaries, lacking the ability to litigate these cases effectively.

The Rosen Law Firm has built a strong reputation over the years, having achieved record settlements for their clients. They have successfully recovered hundreds of millions of dollars for investors and were recognized as leaders in the field of securities litigation.

Next Steps for Interested Investors

If you are an investor affected by the Easterly ROCMuni High Income Municipal Bond Fund's alleged misrepresentations, consider taking action before the deadline on September 22, 2025. You can either participate as a lead plaintiff or simply monitor the class action's progress as an absent class member. Keep in mind, participating as a lead plaintiff does not limit your ability to share in any potential recovery.

For updates and further discussions, follow Rosen Law Firm on LinkedIn, Twitter, or Facebook. This is a vital moment for investors in the Easterly ROCMuni fund to assert their rights and seek accountability for any financial losses incurred.

Whether or not you choose to join, staying informed about your rights as an investor is crucial, especially in tumultuous market conditions. Remember, early action can make a significant difference in the results of class action proceedings.