#USA #New York #securities lawsuit #Easterly Fund #ROCMuni Bond

Opportunity for Investors: Leading the Way in the Easterly ROCMuni Fund Class Action

The Rosen Law Firm has reached out to investors of the Easterly ROCMuni High Income Municipal Bond Fund, previously known as the Principal Street High Income Municipal Fund, to inform them of a significant opportunity to participate in a class action lawsuit. This notable legal case revolves around claims of misleading disclosures and inflated asset valuations tied to the Fund's performance over the past two years.

Background of the Fund

The Easterly ROCMuni Fund is a mutual fund that operates under the James Alpha Funds Trust, dealing primarily with income-generating municipal bonds. Investors who purchased shares between May 5, 2023, and June 12, 2025, have been advised that they may be eligible for compensation if they act before the upcoming deadline.

Important Dates

The Rosen Law Firm has set a crucial deadline of September 22, 2025, for investors who wish to step forward as lead plaintiffs in this class action. Potential claimants are urged to contact the firm for further information on how to proceed.

The Allegations

The essence of the case lies in various misleading statements and failures to disclose crucial information related to the Fund's operations. Highlights of the allegations include:
1. The Fund allegedly marked its portfolio assets at inflated prices that did not accurately represent their fair values.
2. A flawed pricing and valuation methodology was reported to inflate the Fund's net asset value (NAV), creating a false impression of stability and performance.
3. Investors were not fully informed about the extent of the Fund's investments in illiquid assets, which poses additional risks.
4. The correlation and diversification of the Fund's assets were not as advertised, which misled investors regarding their exposure.
5. Consequently, these practices resulted in materially overstated NAV, undermining investor trust and security.

Joining the Class Action

Investors who wish to take part in this class action lawsuit have multiple paths available. Details can be found on the Rosen Law Firm’s website, allowing easy access to submit necessary information or connect directly with legal advisors. Importantly, participating in the class action does not require the payment of upfront fees, as the firm operates on a contingency fee basis.

Moreover, it’s essential for investors to choose their legal counsel wisely. The Rosen Law Firm emphasizes that it has a strong record of success in securities class actions, seasoned by years of experience and accolades in the field.

The Impact of the Lawsuit

This class action could potentially lead to a significant recovery for affected investors. The Rosen Law Firm highlights that, in the past, it has successfully secured large settlements for investors by representing them against fraudulent practices and misleading financial statements. Since its inception, the firm has gained recognition as a leader in this field and encourages all eligible investors to consider their participation in the ongoing litigation.

Final Thoughts

As the deadline approaches, investors in the Easterly ROCMuni Fund are reminded that opting to join the lawsuit may secure their rights to any potential compensation while also holding the responsible parties accountable. For those interested, further information is readily available through the Rosen Law Firm's contact points. In the world of investment, awareness and action can drive significant outcomes, and this class action is a prime example of that principle.