#United States #New York #Class Action #Pomerantz LLP #Easterly ROCMuni

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

Overview
In a recent announcement by the Pomerantz Law Firm, a class action lawsuit has been initiated on behalf of investors holding shares in the Easterly ROCMuni High Income Municipal Bond Fund, previously known as the Principal Street High Income Municipal Fund. Investors are invited to participate in this legal action if they meet certain criteria.

This lawsuit notably includes investment products trading under the tickers RMHIX, RMHVX, and RMJAX, which are connected to the fund in question. Investors who purchased or acquired securities of the fund during the defined Class Period may qualify to lead the lawsuit, with a deadline set for September 22, 2025.

Background of the Lawsuit

The class action focuses on potential adverse practices and alleged violations of federal securities laws linked to the management and investment strategies of the fund. Allegations made in the filed complaint indicate various infractions, including:

• - Misleading Information: The investment companies and advisers responsible reportedly issued Offering Materials that contained significant inaccuracies or omitted critical information necessary to provide a clear picture to investors.
• - Inflated Valuations: They allegedly marked tens of millions of dollars worth of assets at artificially inflated prices which did not accurately represent their fair market value.
• - Flawed Valuation Methodology: The Fund's pricing methods were described as fundamentally flawed, leading to an inflated net asset value (NAV) and misrepresented performance metrics.
• - Higher Exposure to Illiquidity: Reports suggest the fund was heavily invested in illiquid assets beyond what was disclosed, heightening investor risks.
• - Undisclosed Risks: It is alleged that there was an undisclosed risk of significant financial repercussions due to market shifts and asset valuation discrepancies, which were not communicated to investors adequately.

Call to Action for Investors

Investors who believe they have been wronged and wish to join this class action are strongly encouraged to contact the Pomerantz Law Firm. Interested parties can reach out to Danielle Peyton via email or through the provided phone number to discuss their eligibility further. Essential details to include in any inquiries are your mailing address, phone number, and the number of shares you hold.

It is vital to understand that participating in the class action could provide relief for those who suffered losses linked to the alleged misconduct. The deadline to request lead plaintiff status is approaching, making timely action advisable for affected investors.

About Pomerantz LLP

Founded over 85 years ago by Abraham L. Pomerantz, recognized as a pioneer in securities class actions, Pomerantz LLP is distinguished as a preeminent law firm in corporate and securities litigation. The firm has a strong track record of recovering substantial damages for class members affected by corporate fraud and misconduct, embodying a continued commitment to fight for investors' rights.

For more detailed information and to obtain court documents related to the case visit Pomerantz's official website.

Final Notes

In conclusion, the unfolding legal situation surrounding the Easterly ROCMuni High Income Municipal Bond Fund serves as a reminder for investors to remain vigilant about their investments. Legal accountability is crucial in preserving market integrity, and participating in class actions such as this one can contribute to broader protective measures within the investment community. Stay informed and take action, as deadlines for participation will soon approach.