#USA #New York #Levi & Korsinsky #Inc. #Zynex #ZYXI

Zynex, Inc. Investors Urged to Discuss Legal Rights Before May 2025 Deadline

Urgent Legal Alert for Zynex, Inc. Investors

Investors who have put their faith and finances into Zynex, Inc. (NASDAQ: ZYXI) are being called to action. As per the announcement from Levi & Korsinsky, LLP, there is an ongoing class action securities lawsuit targeting the company. This notification serves as a crucial reminder for investors to assess their rights and consider joining the legal proceedings that could impact their financial future.

Overview of the Lawsuit

Filed on May 6, 2025, the class action lawsuit focuses on alleged securities fraud committed by Zynex, Inc. between March 13, 2023, and March 11, 2025. According to legal representatives, the suit claims that the company engaged in misleading practices that resulted in inflated revenue reports.

The lawsuit specifically outlines several serious allegations against the company:
1. Excessive Shipping of Products: Zynex reportedly shipped an amount of products, particularly electrodes, that exceeded their actual demand.
2. Misleading Financial Statements: This overproduction inflated the company’s revenue figures unjustly.
3. Scrutiny from Insurers: The company's false claims drew the attention of insurers, including programs like Tricare, the U.S. military health insurance.
4. Possible Consequences: The practices could lead to severe repercussions for Zynex, including removal from various insurer networks and potential legal penalties.
5. Misleading Positive Statements: Given these issues, the positive reports made by the company's executives about its operations and prospects are now viewed as materially misleading.

What This Means for Investors

If you have seen financial losses due to your investment in Zynex during the specified period, it might be imperative to act promptly. The deadline to be considered for appointment as a lead plaintiff in this case is May 19, 2025.

Joining this lawsuit comes with no upfront costs or financial obligations for class members. In fact, any compensation that might be secured from the legal action does not require class members to serve as lead plaintiffs, ensuring that their ability to seek financial redress is made easier.

About Levi & Korsinsky

With an impressive track record spanning over two decades, Levi & Korsinsky has successfully secured substantial settlements for shareholders affected by corporate misconduct. The firm has received recognition for its work in securities litigation, finding a place among the top firms in ISS Securities Class Action Services’ Top 50 Report for multiple consecutive years.

The firm boasts a dedicated team of over 70 professionals, aimed at representing investors in class-action disputes, ensuring that client rights are safeguarded rigorously throughout the litigation process.

How to Get Involved

Zynex investors who wish to become involved in this lawsuit can reach out directly to the firm’s contacts:

As the May 19 deadline approaches, taking timely action could prove to be crucial for affected shareholders in Zynex, Inc. The lawsuit represents an opportunity for investors to reclaim losses incurred and hold the company accountable for its alleged actions.