#USA #Los Angeles #Securities Fraud #Frank R. Cruz #Easterly ROCMuni

Opportunity for Investors to Act

The Law Offices of Frank R. Cruz has recently announced a significant opportunity for investors who have suffered financial losses linked to the Easterly ROCMuni High Income Municipal Bond Fund, also known as the Principal Street High Income Municipal Fund, identified by its NASDAQ tickers RMHIX, RMHVX, and RMJAX. Investors who have faced losses within the period from July 29, 2022, to June 12, 2025, have the chance to lead a class action lawsuit for securities fraud against the fund's management.

Background of the Lawsuit

This class action suit arises from serious allegations that the defendants failed to provide critical information to investors, resulting in substantial financial damage. Specifically, the suit claims that the fund inaccurately marked its portfolio assets at artificially inflated prices that did not reflect their true market value. This deliberate misrepresentation led to an overstatement of the fund's net asset value (NAV) and individual asset valuations, misleading potential and existing investors.

The lawsuit further asserts that the fund utilized a flawed pricing and valuation methodology that systematically inflated its asset values. This miscalculation misled investors about the actual diversification and risk level associated with their investments. Moreover, the allegations highlight that the actual portfolio was heavily invested in illiquid assets—which were not disclosed adequately in the offering materials—leading to a material risk of a sudden collapse in the price of the fund shares.

Key Allegations

The core allegations of the lawsuit can be summarized as follows:
1. Inflated Asset Valuation: The defendants are accused of marking tens of millions of dollars worth of assets at non-representative prices, skewing the fund’s performance metrics.
2. Flawed Methodology: A fundamentally compromised method for price and valuation assessments resulted in badly overstated NAV and individual asset values.
3. Hidden Risks: Investors were not adequately informed about the concentration in illiquid assets and the related risks, which could lead to abrupt price declines.
4. Misleading Statements: The defendants made numerous positive statements regarding the fund’s operations and prospects that lacked reasonable factual basis.

Participation in the Class Action

For any investor who has suffered losses in the Easterly ROCMuni High Income Municipal Bond Fund and is considering their options, it is crucial to act before the lead plaintiff deadline of September 22, 2025. Interested parties can participate in the lawsuit to seek restitution for their losses. The Law Offices of Frank R. Cruz encourages those affected to contact them for more information and guidance regarding their rights and options. Legal representation is not necessary to be part of the class action, allowing investors the freedom to choose whether to engage legal counsel or remain passive members.

Contact Details

Individuals interested in learning more can reach out via email or by telephone. It is advisable to provide personal contact information and details regarding the shares purchased to facilitate participation:

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

Conclusion

This potential class action represents a pivotal moment for investors who feel misled and financially hurt by the actions of the Easterly ROCMuni High Income Municipal Bond Fund. By organizing collectively, investors have the opportunity to hold the involved parties accountable and possibly recover their loses. The ongoing developments are a reminder of the importance of transparency and ethical responsibility in financial management.