Investors Urged to Act in Easterly ROCMuni Bond Fund Class Action Lawsuit
The Rosen Law Firm, renowned for advocating investor rights globally, has issued a timely reminder for individuals who purchased shares in the Easterly ROCMuni High Income Municipal Bond Fund. This fund, previously known as the Principal Street High Income Municipal Fund, is currently embroiled in a class action lawsuit that investors may want to be aware of. The important deadline to consider serving as a lead plaintiff in this class action is September 22, 2025.
The Easterly ROCMuni High Income Municipal Bond Fund offers multiple share classes, identified by the tickers RMJAX, RMHVX, and RMHIX. Investors who acquired these shares between May 5, 2023, and June 12, 2025, are encouraged to learn about their rights. The lawsuit, part of a class action initiated by the Rosen Law Firm, highlights serious concerns regarding the management and reporting practices of the fund.
Key allegations detailed in the lawsuit include:
1. Inflated Asset Valuations: The fund reportedly marked tens of millions of dollars of its assets at excessively inflated prices, misrepresenting their fair value.
2. Flawed Valuation Methodology: An unreliable pricing and valuation model was said to have inflated net asset values (NAV) and the valuations of individual assets.
3. Investment in Illiquid Assets: It was disclosed that the fund held a higher percentage of illiquid assets than what was stated in its offering documents.
4. Lack of Diversification: The actual correlation among the fund’s assets was greater than disclosed, leading to lower diversification levels.
5. Overstated Metrics: Due to these issues, the stated NAV, share prices, and historical performance were materially overstated, placing investors at risk.
6. Hidden Risks: As a result of these misrepresentations, the fund faced an undisclosed risk of significant share price collapse.
Investors who joined the Easterly ROCMuni High Income Municipal Bond Fund class action stand to benefit through a contingency fee arrangement, meaning they can pursue legal action without immediate out-of-pocket costs. To join, investors can visit the designated Rosen Law Firm submission page or contact Phillip Kim, Esq., for personalized assistance.
The Rosen Law Firm advises investors to select legal counsel carefully, emphasizing the need for a firm with a proven track record in securities class actions. Unlike other firms that may simply act as middlemen, the Rosen Law Firm has significant experience and recognition in the field, having secured numerous settlements over the years.
The Rosen Law Firm continues to emphasize the urgency of participating in this class action lawsuit for affected investors. Further updates will be provided through their official channels, where investors can also learn about other ongoing class action investigations. Take the proactive step necessary to protect your investment rights and ensure your voice is heard in this important legal process.
Background
The Easterly ROCMuni High Income Municipal Bond Fund offers multiple share classes, identified by the tickers RMJAX, RMHVX, and RMHIX. Investors who acquired these shares between May 5, 2023, and June 12, 2025, are encouraged to learn about their rights. The lawsuit, part of a class action initiated by the Rosen Law Firm, highlights serious concerns regarding the management and reporting practices of the fund.
Details of the Lawsuit
Key allegations detailed in the lawsuit include:
1. Inflated Asset Valuations: The fund reportedly marked tens of millions of dollars of its assets at excessively inflated prices, misrepresenting their fair value.
2. Flawed Valuation Methodology: An unreliable pricing and valuation model was said to have inflated net asset values (NAV) and the valuations of individual assets.
3. Investment in Illiquid Assets: It was disclosed that the fund held a higher percentage of illiquid assets than what was stated in its offering documents.
4. Lack of Diversification: The actual correlation among the fund’s assets was greater than disclosed, leading to lower diversification levels.
5. Overstated Metrics: Due to these issues, the stated NAV, share prices, and historical performance were materially overstated, placing investors at risk.
6. Hidden Risks: As a result of these misrepresentations, the fund faced an undisclosed risk of significant share price collapse.
Taking Action
Investors who joined the Easterly ROCMuni High Income Municipal Bond Fund class action stand to benefit through a contingency fee arrangement, meaning they can pursue legal action without immediate out-of-pocket costs. To join, investors can visit the designated Rosen Law Firm submission page or contact Phillip Kim, Esq., for personalized assistance.
Choosing Legal Representation
The Rosen Law Firm advises investors to select legal counsel carefully, emphasizing the need for a firm with a proven track record in securities class actions. Unlike other firms that may simply act as middlemen, the Rosen Law Firm has significant experience and recognition in the field, having secured numerous settlements over the years.
Conclusion
The Rosen Law Firm continues to emphasize the urgency of participating in this class action lawsuit for affected investors. Further updates will be provided through their official channels, where investors can also learn about other ongoing class action investigations. Take the proactive step necessary to protect your investment rights and ensure your voice is heard in this important legal process.
Topics Financial Services & Investing）
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