#United States #Class Action #Securities Fraud #Bensalem #Easterly ROCMuni

Investors Can Take Action on Easterly ROCMuni Fund Mismanagement

In a significant development for investors affected by the Easterly ROCMuni High Income Municipal Bond Fund (also known as RMHIX, RMHVX, RMJAX), the Law Offices of Howard G. Smith has extended an invitation for those who have suffered financial losses to spearhead a class action lawsuit against the fund's management. This opportunity emerges for investors who believe that they were misled regarding the fund's financial practices and the valuation methods used for its assets.

The Legal Grounds for the Lawsuit

The lawsuit highlights several allegations against the fund. According to the complaint, from July 29, 2022 to June 12, 2025, the fund's management reportedly failed to disclose vital information that significantly inflated the perceived value of its assets. Key points from the allegations include:

1. Artificially Inflated Valuations: The fund supposedly marked tens of millions of dollars' worth of its portfolio assets at inflated prices, which did not accurately reflect market conditions.
2. Flawed Pricing Methodology: Investors were not informed that the fund utilized a pricing and valuation methodology that, fundamentally flawed, inflated its net asset value (NAV) and the valuations of individual assets.
3. Investment in Illiquid Assets: The fund allegedly invested more heavily in illiquid assets than was disclosed, introducing additional risk to its portfolio.
4. Correlation Misrepresentation: It was claimed that the correlation of the fund's assets and their lack of diversification were misrepresented in the offering materials.
5. Misleading Statements: Defendants made positive statements about the fund's business and growth prospects, which, as per the allegations, lacked a reasonable basis at all times.

These missteps have raised concerns about the financial well-being of the fund, leading to significant losses for many investors. As such, individuals who believe they are eligible to participate are encouraged to act quickly due to legal deadlines associated with class action lawsuits.

How to Participate

Potential lead plaintiffs and participants are advised to contact the Law Offices of Howard G. Smith by September 22, 2025, which is noted as the deadline for leading the class action lawsuit. Interested investors can reach out through the office's contact information provided below:

• - Phone: (215) 638-4847
• - Email: email protected]
• - Website: [www.howardsmithlaw.com

It’s emphasized that investors need not take immediate action, as they can still join the class action and decide on legal counsel of their choice without losing their claim.

Conclusion

This class action lawsuit presents a critical opportunity for affected investors of the Easterly ROCMuni High Income Municipal Bond Fund to seek restitution for their losses. Engaging in this legal endeavor may lead to accountability for the fund's management and highlight the importance of transparency and due diligence in investment practices. Investors are urged to take note of their rights and to act rapidly to safeguard their interests in this unfolding situation.