Investors Can Take Action in Easterly ROCMuni High Income Fund Lawsuit

Legal Update: Class Action for Easterly ROCMuni Fund Shareholders

In a significant legal development for investors of the Easterly ROCMuni High Income Municipal Bond Fund, also known as Principal Street High Income Municipal Fund, the Rosen Law Firm has issued a reminder about an ongoing class action lawsuit. This class action pertains to investors who purchased shares between May 5, 2023, and June 12, 2025. The Rosen Law Firm, recognized for its focus on investor rights, invites affected shareholders to consider taking action as the lead plaintiff deadline approaches on September 22, 2025.

Background of the Lawsuit

The fund, which operates under the James Alpha Funds Trust and trades under various tickers including RMJAX, RMHVX, and RMHIX, has faced scrutiny and criticism. Allegations suggest that the fund's management misrepresented the value of multiple assets within its portfolio. Specifically, it is claimed that the fund marked its portfolio assets with inflated values that did not accurately reflect their true worth. This misrepresentation casts a shadow over the fund's net asset value (NAV) and could have significantly impacted investors’ financial decisions during the stated Class Period.

According to court papers, among the accusations are failures to disclose critical information that could have influenced investment choices. Key points include:
1. Inflated pricing of portfolio assets.
2. A flawed pricing methodology that led to an overstated NAV.
3. A higher concentration of illiquid assets than advertised.
4. Lack of diversification in the Fund’s portfolio, contrary to claims made during promotions.
5. Heightened risks associated with sudden price drops of share value, which were not disclosed to investors.

Actions for Investors

Investors who purchased shares during this time frame may be entitled to a compensation package that allows claims without upfront fees. Those looking to participate in the class action can navigate to the Rosen Law Firm's website and submit the necessary information. Interested parties can also directly contact Phillip Kim, a representative of the firm, for more information or guidance on how to proceed.

Additionally, should one wish to serve as the lead plaintiff—a role that involves taking charge of the litigation and representing other investors—they must act decisively before the deadline. Serving as a lead plaintiff comes with essential responsibilities that include shaping the direction of the lawsuit and being a point of contact for fellow class members.

Selecting the Right Legal Representation

The Rosen Law Firm emphasizes the importance of choosing legal counsel with substantial experience in securities law and class actions. The firm has built a reputation for successfully representing investors and has secured notable victories, including record settlements in previous cases. Potential plaintiffs are encouraged to ensure that the firm they select possesses a proven track record, as many firms might lack the necessary experience to effectively navigate securities litigation.

The legal landscape can be complex and challenging, especially for individual investors. By taking informed steps, shareholders can have a voice in the litigation process and potentially recover funds lost due to possible mismanagement or fraud. Investors are reminded that, until a class is certified, they are not represented unless they independently obtain a lawyer.

Conclusion

As the deadline approaches, it remains critical for investors of the Easterly ROCMuni High Income Municipal Bond Fund to consider their options seriously. The opportunity to join this class action provides a chance to address significant grievances regarding asset valuations and fund management transparency. More details and updates can be followed via the Rosen Law Firm's social media channels, ensuring that investors stay informed about their rights and the progression of the lawsuit.