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Wolf Haldenstein informs investors that Zynex, Inc. has been sued

1. A class action lawsuit was filed against Zynex, Inc. for misleading shareholders. 2. Allegations include shipping unnecessary products and filing false claims. 3. Zynex may face removal from insurer networks and federal penalties. 4. The lawsuit affects shareholders from March 2023 to March 2025. 5. Lead plaintiff deadline is set for May 19, 2025.

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FAQ

Why Very Bearish?

The lawsuit's serious allegations could lead to significant financial penalties and negatively affect investor confidence, similar to past cases where lawsuits resulted in steep declines in share prices.

How important is it?

Given the legal action's implications for ZYXI's operations and financial health, it poses a significant risk that may dissuade potential investors and cause volatility.

Why Short Term?

The immediate implications of the lawsuit are expected to impact ZYXI's stock price as investors react to potential risks associated with liabilities and insurer relationships.

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NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP has filed a securities class action lawsuit against Zynex, Inc. (NASDAQ: ZYXI) on behalf of shareholders who purchased stock between March 13, 2023, and March 11, 2025, inclusive. CLICK HERE TO PROVIDE YOUR CONTACT INFORMATION AND JOIN THE CASE •  Lead Plaintiff Deadline: May 19, 2025. •  Allegations: Zynex shipped products, including electrodes, beyond what customers actually needed.This practice inflated the company's revenue.The company allegedly filed false claims, which drew scrutiny from insurers, including Tricare.As a result, Zynex faced the risk of removal from insurer networks and potential federal penalties.The company's positive statements about its business and prospects were allegedly misleading or lacked a reasonable basis. Wolf Haldenstein has experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas, and offices in New York, Chicago, Nashville and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation. Contact Information: Phone: (800) 575-0735 or (212) 545-4774Email: classmember@whafh.comContact Person: Gregory Stone, Director of Case and Financial AnalysisFirm Website: Wolf Haldenstein Adler Freeman & Herz LLP This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e9abe4b2-cb9b-4446-bab6-ca019db1a31f

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