Investors of Easterly ROCMuni Fund Urged to Act Before Deadline for Lead Plaintiff
In a recent announcement on August 4, 2025, Wolf Haldenstein Adler Freeman & Herz LLP has made a significant move to assist investors who purchased shares of the Easterly ROCMuni High Income Municipal Bond Fund during the class period. This period spans from May 5, 2023, to June 12, 2025. Investors are being urged to act quickly, as the lead plaintiff deadline is set for September 22, 2025.
The background of the situation reveals a shocking devaluation of the Easterly ROCMuni Fund's shares on June 13, 2025. This drop occurred when the fund marked down the share values by an alarming 30%. Specifically, the net asset values (NAVs) of the shares plummeted with RMHIX reducing from $6.15 to $4.33, RMHVX from $6.19 to $4.36, and RMJAX from $6.13 to $4.31. As the days progressed, the situation worsened, with share values sinking below $3 within two weeks, leading to a drastic decline in the total net assets of the fund, which collapsed from over $230 million at the end of March 2025 to less than $17 million by July 8, 2025.
As a result, a class action lawsuit has been initiated, and investors affected by these substantial financial losses are encouraged to consider playing a part in the legal proceedings. If individuals wish to pursue the role of lead plaintiff, they must ensure that their motion is filed by the deadline to secure their position. This call for action is vital as it represents an opportunity for affected investors to regain their losses and hold those responsible accountable.
Wolf Haldenstein, established in 1888, has a long history of championing the rights of investors who have suffered due to inaccurate representations. With over 125 years of experience in securities litigation, the law firm has built a robust reputation for ensuring justice for investors who have faced financial hardships. This commitment is driven by a team dedicated to investigating claims and acting on behalf of shareholders who have endured losses due to misleading information.
In light of the recent events surrounding the Easterly ROCMuni Fund, the legal firm is actively encouraging all investors who believe they have been affected or those with information relevant to the case to reach out for assistance. Contact details for Wolf Haldenstein include a phone number at (800) 575-0735 or (212) 545-4774, along with an email address available for inquiries. Gregory Stone, the Director of Case and Financial Analysis at the firm, is the designated contact person who will facilitate communication regarding the class action lawsuit and assist in guiding potential lead plaintiffs through the process.
Investors are reminded that failure to act before the designated deadline could result in the loss of their opportunity to partake in the class action, making swift action essential. With the stakes being notably high, those affected by this issue should not overlook the importance of seeking legal advice and potentially joining the collective effort to recover damages associated with their investments. The time for decisive action is now, as those invested in the Easterly ROCMuni Fund face critical decisions in light of the recent downturn in share values and the urgency of the approaching deadline.
The background of the situation reveals a shocking devaluation of the Easterly ROCMuni Fund's shares on June 13, 2025. This drop occurred when the fund marked down the share values by an alarming 30%. Specifically, the net asset values (NAVs) of the shares plummeted with RMHIX reducing from $6.15 to $4.33, RMHVX from $6.19 to $4.36, and RMJAX from $6.13 to $4.31. As the days progressed, the situation worsened, with share values sinking below $3 within two weeks, leading to a drastic decline in the total net assets of the fund, which collapsed from over $230 million at the end of March 2025 to less than $17 million by July 8, 2025.
As a result, a class action lawsuit has been initiated, and investors affected by these substantial financial losses are encouraged to consider playing a part in the legal proceedings. If individuals wish to pursue the role of lead plaintiff, they must ensure that their motion is filed by the deadline to secure their position. This call for action is vital as it represents an opportunity for affected investors to regain their losses and hold those responsible accountable.
Wolf Haldenstein, established in 1888, has a long history of championing the rights of investors who have suffered due to inaccurate representations. With over 125 years of experience in securities litigation, the law firm has built a robust reputation for ensuring justice for investors who have faced financial hardships. This commitment is driven by a team dedicated to investigating claims and acting on behalf of shareholders who have endured losses due to misleading information.
In light of the recent events surrounding the Easterly ROCMuni Fund, the legal firm is actively encouraging all investors who believe they have been affected or those with information relevant to the case to reach out for assistance. Contact details for Wolf Haldenstein include a phone number at (800) 575-0735 or (212) 545-4774, along with an email address available for inquiries. Gregory Stone, the Director of Case and Financial Analysis at the firm, is the designated contact person who will facilitate communication regarding the class action lawsuit and assist in guiding potential lead plaintiffs through the process.
Investors are reminded that failure to act before the designated deadline could result in the loss of their opportunity to partake in the class action, making swift action essential. With the stakes being notably high, those affected by this issue should not overlook the importance of seeking legal advice and potentially joining the collective effort to recover damages associated with their investments. The time for decisive action is now, as those invested in the Easterly ROCMuni Fund face critical decisions in light of the recent downturn in share values and the urgency of the approaching deadline.
Topics Financial Services & Investing）
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