#United States #New York #Pomerantz Law Firm #Easterly ROCMuni #Municipal Bond Fund

Pomerantz Law Firm Announces Class Action against Easterly ROCMuni High Income Fund

On August 6, 2025, Pomerantz LLP, a distinguished legal firm specializing in corporate securities law, announced that a class action lawsuit has been filed on behalf of investors in the Easterly ROCMuni High Income Municipal Bond Fund, previously known as the Principal Street High Income Municipal Fund. This lawsuit has been triggered by a series of allegations concerning potential violations of federal securities laws and other unlawful business practices related to the management of the fund. The fund is traded under the tickers RMHIX, RMHVX, and RMJAX on the NASDAQ.

Background of the Lawsuit

Investors are being urged to act promptly, as the deadline to seek appointment as Lead Plaintiff is September 22, 2025. Interested parties should reach out to Danielle Peyton at the Pomerantz law firm for further details at email. They are encouraged to provide their contact details and the quantity of shares they acquired in the fund.

The lawsuit comes as a significant legal development for those who have invested in the Fund. Allegations indicate that various elements responsible for the fund, including investment companies, advisers, underwriters, and their management teams, may have issued misleading documents tied to the fund's offerings. The implications of this lawsuit are far-reaching, touching upon national concerns over investment transparency and ethical practices in fund management.

Allegations and Implications

Specifically, the complaint asserts that:

• - The Fund reported inflated figures regarding the value of its assets, claiming values that did not accurately reflect their fair market worth.
• - The pricing and valuation approach applied by the Fund was seriously flawed, resulting in artificial inflation of the net asset value (NAV) and valuations of individual assets.
• - A higher proportion of the Fund's portfolio was invested in illiquid assets than stated, which is a significant concern for investors seeking liquidity.
• - Assets within the fund were less diversified and more correlated than disclosed, exposing investors to greater risks than indicated.

These points raise concerns about the overall integrity and attractiveness of the Fund. If the claims are proven true, investors may have been misled during their investment decision process, raising questions about how often such practices occur in the industry—potentially leading to calls for greater regulatory oversight.

Pomerantz LLP’s Legacy

Pomerantz LLP, with its offices located in major cities including New York, Chicago, and London, has garnered a reputation as a leader in corporate class action lawsuits. The firm has a storied history of addressing securities fraud and breaches of fiduciary duties. Founded by the late Abraham L. Pomerantz, the firm continues its mission of championing investor rights and seeking restitution for victims of corporate misconduct. The legal team at Pomerantz has a track record of securing substantial damages for class action members and maintaining a strong commitment to corporate accountability.

They remind potential class members that prior results do not guarantee similar outcomes, and seeking legal counsel is a crucial step in attempting to navigate such complicated matters.

Next Steps for Investors

For those affected by the alleged misleading practices within the Easterly ROCMuni High Income Municipal Bond Fund, engaging with the Pomerantz law firm could provide much-needed guidance and recourse. The firm’s legal resources and industry expertise could leverage investor claims to secure justice and financial compensation.

In summary, as the litigation process unfolds, investors should stay alerted to the developments and consider their options regarding participation in the class action lawsuit. Protecting your investment and understanding your legal rights should be a top priority amidst such investigations into fund management practices.

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For more information about the class action and to access related documents, visit Pomerantz Law Firm's website.