#United States #New York #Class Action #Levi & Korsinsky #Inc. #Zynex

Overview

Levi & Korsinsky, LLP is actively notifying investors regarding a class action lawsuit tied to Zynex, Inc. (NASDAQ: ZYXI). This lawsuit is crucial for individuals who experienced financial losses connected to the alleged securities fraud outcomes between March 13, 2023, and March 11, 2025.

Investors' Notification

The firm emphasizes that this legal action is aimed at those who suffered losses during the designated time period. It is a call to Zynex investors to step forward and protect their rights. If you fit this description, you might have until May 19, 2025, to request the Court to appoint you as a lead plaintiff.

Details of the Case

The complaint asserts that the company's misrepresentations severely impacted its investors. Allegations include claims that Zynex, Inc. engaged in malpractice by shipping products beyond actual need and inflating revenue figures. It is mentioned that this misconduct has drawn scrutiny from significant insurers, including the U.S. military health insurance program, Tricare, leading to potential penalties, removal from insurer networks, or other adverse consequences.

Specific Allegations

1. Excessive Shipments: Zynex purportedly shipped an excess of products, including electrodes, contrary to actual demand.
2. Revenue Inflation: The company's practices led to inflated financial figures, misleading investors about Zynex’s ongoing business health.
3. Scrutiny from Insurers: The filing of false claims has not gone unnoticed; major insurers have started to question Zynex's credibility, leading to scrutiny that could affect its operations.
4. Potential Consequences: The allegations raise serious questions about Zynex's future, including the risk of being expelled from insurer networks and potential legal ramifications from the federal government.

Call to Action

Victims of this alleged securities fraud are encouraged to connect with Levi & Korsinsky for further assistance. If you are a potential class member, there are no fees involved in participating; compensation may be accessible without any upfront costs or obligations. This is a significant opportunity for affected investors to reclaim lost funds with the backing of an experienced firm.

Why Choose Levi & Korsinsky?

Levi & Korsinsky's track record showcases over 20 years of protecting shareholders' rights, having secured hundreds of millions in settlements for aggrieved investors. The firm comes highly recommended and has consistently ranked among the top securities litigation firms by ISS Securities Class Action Services.

Contact Information

For more details and assistance regarding this case, investors can reach out to Joseph E. Levi, Esq. at Levi & Korsinsky, LLP by emailing [email protected] or calling (212) 363-7500.

Conclusion

The class action lawsuit against Zynex, Inc. represents a critical avenue for investors to seek justice and financial recovery. If you're amongst those affected, do not hesitate to reach out and explore your options. Your potential rights as a shareholder could be pivotal in this situation.