#USA #New York #Pomerantz LLP #Easterly ROCMuni #RMHIX

Investor Alert: Class Action Lawsuit Filed

Pomerantz LLP has recently unveiled that a class action lawsuit has been initiated for investors of the Easterly ROCMuni High Income Municipal Bond Fund, previously known as Principal Street High Income Municipal Fund. This action, affecting investors holding shares in this fund, raises concerns regarding potential breaches of federal securities laws amid various alleged business malpractice.

The firm is encouraging investors who purchased shares in the fund during the designated class period to contact Danielle Peyton at the firm's office. Direct inquiries can be made via the email address or phone numbers provided by Pomerantz LLP, aimed at ensuring a prompt response to investor concerns. This class action emerges amidst claims that unlawful activities may have impacted the fund's market behavior.

Investors have until September 22, 2025, to act if they wish to seek lead plaintiff designation in this class-action suit, indicating a tight deadline for those involved. Documentation detailing the complaint, which can be accessed through the firm’s website, outlines specifics of the case, including the allegations against several parties involved with the fund.

Allegations Against Investment Advisors

The complaint outlines serious claims against various investment companies, advisors, and underwriters linked to the fund's management. It contends that the offering materials distributed concerning the fund included misleading information and failed to disclose essential facts. These documents allegedly misrepresented the valuation of assets, claiming they were marked at artificially inflated prices without reflecting their true value, raising significant concerns for stakeholders.

Furthermore, the claims include assertions about the fund's flawed pricing methodologies. Critics argue that such methods artificially inflated the Net Asset Value (NAV) of the fund, and that its underlying assets were riskier and less diversified than claimed. This raised alarm about a potential collapse in the fund's share value, shocking many investors and rendering their financial decisions susceptive to significant risks.

Legal Background and Pomerantz's Reputation

Pomerantz LLP stands as a notable firm with extensive experience in handling corporate, securities, and antitrust class litigation. Since its establishment over 85 years ago by Abraham L. Pomerantz, who is regarded as a pioneer in class action law, the firm has built a strong reputation by advocating for victims of corporate fraud. Their historical commitment to holding companies accountable plays a crucial role in current investor protection dynamics.

With offices spread across major cities including New York and London, Pomerantz continues to champion investor rights, preserving a track record of securing significant settlements in various class action lawsuits. The firm urges all affected investors to take a proactive approach in joining this class action, highlighting their experience as a beacon of hope in navigating complex legal matters.

Conclusion

For investors in the Easterly ROCMuni High Income Municipal Bond Fund, this lawsuit could serve as a pivotal moment in seeking restitution for losses incurred due to alleged mismanagement and misinformation. The deadline for joining the suit is imminent, thus attracting immediate attention from all concerned parties. Pomerantz LLP’s commitment to seeking justice plays an essential role in the protection of investor rights, ensuring transparency and fairness in the financial markets.