#USA #Los Angeles #fraud #Easterly #RMHIX

Investors Take Action: Class Action Lawsuit Against Easterly ROCMuni Fund

The legal landscape surrounding the Easterly ROCMuni High Income Municipal Bond Fund has intensified, as investors who incurred losses are presented with an opportunity to join a securities fraud class action lawsuit. The Law Offices of Frank R. Cruz have announced that affected investors can participate in this significant legal action aimed at addressing the alleged financial misreporting by the fund's management.

Overview of the Fund and Allegations

Between July 29, 2022, and June 12, 2025, serious allegations have emerged against the Easterly ROCMuni Fund. It has been claimed that the fund's management engaged in deceptive practices, which ultimately inflated its portfolio's valuation and misled investors. The complaint highlights several key issues:

1. Artificial Inflation of Asset Values: It is alleged that the fund recorded tens of millions of dollars of its portfolio assets at significantly inflated prices that did not genuinely represent their fair value.
2. Flawed Pricing Methodology: The fund reportedly used a fundamentally flawed pricing and valuation methodology, systematically inflating its net asset value (NAV).
3. Concentration in Illiquid Assets: It has been claimed that the fund had a heavier concentration in illiquid assets than what was disclosed to investors, which significantly increased the risk profile of the investment.
4. Lack of Diversification: Contrary to previous offerings, the assets were more closely correlated and lacked the diversity that was claimed.
5. Overstated Performance: The allegations extend to the fund's stated NAV, share price, and historical performance being materially overstated, creating a false sense of security for investors.
6. Risk of Sudden Collapse: The undisclosed risks led to a potential for sudden and severe price drops in the fund's shares, placing investors in precarious positions without proper warnings.
7. Misleading Statements: Throughout this period, the management's positive representation of the fund's operations, outlook, and business prospects was characterized as materially misleading.

Call to Action for Affected Investors

The urgency is palpable for investors who suffered losses due to these allegations. They are encouraged to come forward and join this lawsuit, especially because the deadline to be recognized as a lead plaintiff in this class action is September 22, 2025. Interested parties are urged to click a specified link or contact The Law Offices of Frank R. Cruz to learn about how they can participate.

How to Participate

For those wishing to explore their rights or who have questions regarding their potential involvement, The Law Offices of Frank R. Cruz have provided avenues for communication:

• - Email: [email protected]
• - Phone: 310-914-5007
• - Website: www.frankcruzlaw.com

Those interested should provide their contact details, including mailing address and number of shares purchased, to facilitate their inclusion. Importantly, investors do not need to take immediate action or hire representation to remain part of the class action.

Understanding Class Actions and Investors' Rights

Joining a class action lawsuit can offer numerous benefits, including shared legal costs and streamlined processes that alleviate potential barriers for individual investors. It's a strategic move for those who find themselves in similar boats, particularly given the complexities of such financial lawsuits. Investors with grievances should not hesitate to assert their rights, utilizing the legal system to seek redress for perceived injustices within their investment experiences.

As this situation unfolds, affected investors must stay informed and vigilant about their rights and the progress of the lawsuit. With the law offices spearheading this initiative, there is hope for accountability and justice for those impacted by the alleged fraud at the Easterly ROCMuni High Income Municipal Bond Fund.