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Zynex, Inc. Sued for Securities Law Violations - Contact The Gross Law Firm Before May 19, 2025 to Discuss Your Rights - ZYXI

1. Zynex faces class action for misleading statements from March 2023 to March 2025. 2. Allegations include inflated revenue through excess product shipments and false claims. 3. Potential consequences involve insurer network removals and federal penalties. 4. Shareholders can register for lead plaintiff status in the lawsuit. 5. The deadline for lead plaintiff appointment is May 19, 2025.

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FAQ

Why Very Bearish?

The allegations of misleading statements and potential penalties can severely undermine investor confidence, similar to past cases with companies like Theranos, which severely impacted stock prices.

How important is it?

With significant allegations and investor implications, this news is critical for ZYXI's current and future valuation.

Why Long Term?

The legal implications and their outcomes could affect ZYXI's market perception and operations for years, especially due to the class period extending to 2025.

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TRICHLTHMDMP
, /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=141948&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: (1) Zynex shipped products, including electrodes, in excess of need; (2) as a result of this practice, the Company inflated its revenue; (3) the Company's practice of filing false claims drew scrutiny from insurers, including the U.S. military health insurance program, Tricare; (4) as a result, it was reasonably likely that Zynex would face adverse consequences, including removal from insurer networks and penalties from the federal government; and (5) 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=141948&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 Firm15 West 38th Street, 12th floorNew York, NY, 10018Email: [email protected]Phone: (646) 453-8903 SOURCE The Gross Law Firm WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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