Rosen Law Firm Guides Easterly ROCMuni Fund Investors on Class Action Opportunity

Background

The Rosen Law Firm, which specializes in protecting investor rights, has issued a reminder to those who purchased shares of the Easterly ROCMuni High Income Municipal Bond Fund, previously known as Principal Street High Income Municipal Fund (with tickers RMJAX, RMHVX, RMHIX), from May 5, 2023, to June 12, 2025. This advisory focuses on a key deadline approaching on September 22, 2025, regarding the potential to act as lead plaintiff in a class action lawsuit against the Easterly Funds Trust.

Key Details of the Lawsuit

Class Action Opportunity

If you are among the investors who bought shares during the specified period, there's a chance for you to participate in a class action lawsuit without incurring any out-of-pocket costs, thanks to a contingency fee arrangement with the firm representing you.

Rosen Law Firm is seeking individuals who wish to serve as lead plaintiffs, a role that entails leading the litigation and representing the interests of all class members. The lead plaintiff must file their motion in court before September 22, 2025.

Legal Background

The legal claims assert that throughout the class period, the defendants failed to disclose critical financial information about the fund. This includes accusations that the fund inaccurately valued its assets, leading to artificially inflated performances. Specifically, the allegations state that:
1. The Fund marked tens of millions of dollars' worth of its portfolio assets at inflated prices.
2. It employed a flawed pricing strategy that skewed the net asset value (NAV) calculations.
3. The proportion of illiquid assets held by the fund was significantly higher than what was stated in its marketing materials.
4. The diversification of the fund was misrepresented, making it appear more secure than it was.
5. Ultimately, the NAV, along with individual asset valuations, were materially overstated, resulting in severe undisclosed risks.

Rosen Law Firm's Credentials

Choosing a competent legal representative is crucial in securities litigation. Rosen Law Firm highlights its history of successful class action cases, including the largest securities class action settlement against a Chinese company at its time. The firm has secured hundreds of millions for investors and has been consistently recognized as a leader in the field.

According to reports, the firm was ranked number one in 2017 for securities class action settlements and has maintained top positions in subsequent years. The firm’s attorney, Laurence Rosen, was distinguished as a 'Titan of Plaintiffs' Bar' by Law360, affirming the firm's reputation for investor representation.

Steps Forward

To potentially join the Easterly ROCMuni High Income Municipal Bond Fund class action, interested investors can visit Rosen Law Firm’s website or reach out directly via phone at 866-767-3653 or through email at [email protected] for further information.

It is essential to note that as of now, no class has been certified. Until such a certification occurs, investors are not technically represented unless they secure legal counsel. Thus, they can continue to remain as inactive class members or seek representation through a legal advisor of their choice. Participation in future recoveries is not dependent on being a lead plaintiff.

Stay informed by following Rosen Law Firm on social media platforms including LinkedIn, Twitter, and Facebook. You can also find updates on the developments of this ongoing legal situation through these channels.

Conclusion

For investors in the Easterly ROCMuni High Income Municipal Bond Fund, this is a pivotal moment to consider both their rights and potential legal recourse regarding the financial misrepresentations alleged. As deadlines approach, prompt action may be vital for those seeking to reclaim their investments through this class action lawsuit.