Easterly ROCMuni High Income Fund Investors Can Join Class Action Suit

Investors' Opportunity in Legal Action Against Easterly ROCMuni Fund

The Rosen Law Firm, a well-known entity in investor rights, has recently initiated a class action lawsuit on behalf of the shareholders of the Easterly ROCMuni High Income Municipal Bond Fund. This Fund, previously known as the Principal Street High Income Municipal Fund, spans the class period from May 5, 2023, to June 12, 2025, inviting all affected investors to come forward.

What is the Class Action Lawsuit?

The lawsuit invites participants who purchased shares of the Fund over the specified period to potentially receive compensation. Notably, this legal action carries no upfront costs for investors, as it operates on a contingency fee basis.

Who is Eligible?

Investors who bought shares in the Fund are encouraged to participate, particularly those who feel misled or harmed by the events leading to this lawsuit. If you think you are eligible to lead the class action, it's crucial to act swiftly, as the deadline to move the court is set for September 22, 2025.

Allegations Involved

At the core of the lawsuit are claims that during the class period, misleading statements and crucial omissions were made about the Fund's financial status. Specific allegations suggest that the Easterly ROCMuni Fund's portfolio assets were marked at artificially inflated prices, which did not accurately reflect their fair value. Additionally, the pricing methodology employed by the Fund was fundamentally flawed, leading to systematic inflation of its Net Asset Value (NAV) and individual asset valuations.

Investors were also reportedly made to believe that the assets were adequately diversified, which was not the case, as more investments were made in illiquid assets than disclosed. Such misrepresentations may have resulted in a significant risk of sudden price drops in the Fund's shares.

How to Join the Class Action

For those interested in joining this legal action against the Easterly ROCMuni Fund, details can be found by visiting the Rosen Law Firm's dedicated page at rosenlegal.com. Investors can also reach out to Phillip Kim, Esq. directly at 866-767-3653 or via email for more information.

Importance of Legal Representation

Rosen Law Firm emphasizes the importance of selecting qualified counsel with a proven track record in similar cases. The firm has garnered recognition for its expertise in securities litigation and maintains a strong position in class action settlements, having secured significant compensations for investors in the past.

Current Status of the Class Action

It is crucial to note that a class has yet to be certified; hence, investors are not represented by counsel unless they secure one independently. It's also possible for individuals to choose not to engage in this action at the current moment and still retain eligibility for a future recovery, should the class be certified.

Closing Remarks

For investors affected by the Easterly ROCMuni High Income Municipal Bond Fund, this lawsuit presents a significant opportunity for recourse. The timeline is tight, though, so prompt action will be essential. Investors are encouraged to stay informed about this case's developments through the Rosen Law Firm's social media channels, including LinkedIn and Twitter, for the latest updates and necessary information on joining the class action.

For further inquiries, the Rosen Law Firm's contact details are made available, emphasizing its commitment to representing investor interests effectively.

Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
Email: [email protected]
Website: www.rosenlegal.com