#USA #New York #Class Action #Pomerantz Law #Easterly ROCMuni

Investor Alert: Class Action Lawsuit Filed Against Easterly ROCMuni High Income Municipal Bond Fund

Pomerantz LLP has taken significant steps in the interest of investors associated with the Easterly ROCMuni High Income Municipal Bond Fund, formerly known as the Principal Street High Income Municipal Fund. A formal class action lawsuit has been instituted, aimed at addressing potential violations of federal securities laws that could have adversely affected various investors in the fund. This latest move highlights the ongoing challenges faced in the financial sector, particularly surrounding municipal bond funds that may not have fully disclosed pertinent risks involved.

So, what does this mean for investors who may have acquired shares in the fund during the class period? If you are one of them, you must act swiftly. The legal team at Pomerantz encourages individuals to contact Danielle Peyton directly via email or telephone. It is imperative that you provide your details including mailing address, phone number, and the quantity of shares purchased. This information is critical to successfully navigating the lawsuit process and ensuring proper representation.

Key Details of the Class Action

A significant claim within this class action revolves around the alleged dissemination of offering materials that contained misleading statements. It has been alleged that:

• - The portfolio asset valuations were manipulated, as the fund had reportedly marked tens of millions of dollars' worth of assets at inflated prices, not reflective of true fair values.
• - The fund utilized a fundamentally flawed methodology for pricing and valuation, which carried substantial implications, systematically inflating the fund's net asset value (NAV) and individual asset valuations.
• - Contrary to the information presented in the offering materials, the fund had a higher investment in illiquid assets than was disclosed.
• - Furthermore, the fund’s overall asset correlation and lack of diversification was misrepresented, leading to an unwarranted overstatement of its NAV and performance history.
• - Consequently, this resulted in a serious undisclosed risk of a sudden depreciation in share price, affecting hundreds, if not thousands, of unsuspecting investors.

The class action offers affected individuals an opportunity to seek redress for their financial losses and may lead to potential damages awards. Moreover, the timeline is critical; investors must act before the deadline of September 22, 2025, to have their voices heard as part of this suit.

Pomerantz LLP: A Legacy of Advocacy

Founded by the late Abraham L. Pomerantz, a trailblazer in the field of class action lawsuits, Pomerantz LLP has established itself as a significant player in corporate, securities, and antitrust litigation. Their commitment to advocating for investors resonates through decades of successful recoveries and precedential impacts. Today, the firm continues to operate under the same ethos that propelled its founder to prominence, ensuring a staunch fight against securities fraud and corporate wrongdoing.

If you have been impacted by these alleged violations regarding the Easterly ROCMuni High Income Municipal Bond Fund, it is crucial to connect with their office. The landscape of investing can be treacherous, and knowing your rights and options is vital to safeguarding your interests in this evolving situation. For comprehensive guidance and information, feel free to visit their official website at www.pomerantzlaw.com.

In conclusion, as the finance sector continues grappling with issues of transparency and accountability, this class action suit exemplifies the necessity for vigilance among investors. Don’t let the deadline pass—take the initiative and ensure that your rights are upheld in the face of potential unlawful practices.