The Gross Law Firm Notifies Zynex, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - ZYXI

1. Gross Law Firm highlights potential lead plaintiff opportunity for ZYXI shareholders. 2. Allegations include false statements and inflated revenues concerning product shipments. 3. Company faces scrutiny from major insurance programs, risking penalties and network removal. 4. Class action registration deadline for shareholders is May 19, 2025. 5. Investors might recover losses from misleading statements about ZYXI's operations.

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FAQ

Why Very Bearish?

The allegations of misleading statements and inflated revenues create significant concerns. Historically, similar cases have led to stock price declines for affected companies.

How important is it?

The article directly impacts ZYXI by highlighting legal issues that could affect its market performance. The long-term implications of the lawsuit could significantly affect investor confidence and stock valuation.

Why Long Term?

The legal proceedings could extend over time, impacting investor sentiment and company operations long-term. Past legal challenges often resulted in prolonged recovery periods for stock prices.

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TRICARE NASDAQ: ZYXI

NEW YORK, April 17, 2025 /PRNewswire/ --

The Gross Law Firm issues the following notice to shareholders of Zynex, Inc. (NASDAQ: ZYXI).

Shareholders who purchased shares of ZYXI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE: https://securitiesclasslaw.com/securities/zynex-inc-loss-submission-form/?id=143342&from=4

CLASS PERIOD:

March 13, 2023 to March 11, 2025

ALLEGATIONS:

The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that:

Zynex shipped products, including electrodes, in excess of need;
As a result of this practice, the Company inflated its revenue;
The Company's practice of filing false claims drew scrutiny from insurers, including the U.S. military health insurance program, Tricare;
As a result, it was reasonably likely that Zynex would face adverse consequences, including removal from insurer networks and penalties from the federal government;
As a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

DEADLINE:

May 19, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/zynex-inc-loss-submission-form/?id=143342&from=4

NEXT STEPS FOR SHAREHOLDERS:

Once you register as a shareholder who purchased shares of ZYXI during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is May 19, 2025. There is no cost or obligation to you to participate in this case.

WHY GROSS LAW FIRM?

The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: info@grosslawfirm.com
Phone: (646) 453-8903

SOURCE The Gross Law Firm