1. Zynex faces a class action alleging misleading revenue statements. 2. Claims include excessive product shipments inflating revenue figures. 3. Potential consequences involve removal from insurer networks and federal penalties. 4. Shareholders can register for updates until May 19, 2025. 5. Gross Law Firm aims to protect investors from deceitful practices.
The allegations suggest potentially severe financial liabilities and reputational damage, reminiscent of cases like Valeant Pharmaceuticals, which saw substantial market drops due to similar accusations. If proven true, this could lead to loss of insurer contracts and fines, severely impacting ZYXI’s revenue.
The news directly affects shareholders' perceptions and future trust in ZYXI, with potential long-term implications for its financial stability and growth.
The class action's implications could affect ZYXI's market confidence and operational strategy over several years, similar to cases involving significant regulatory scrutiny that affect stock performance beyond immediate results.
/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.
https://securitiesclasslaw.com/securities/zynex-inc-loss-submission-form/?id=148422&from=4
March 13, 2023 to March 11, 2025
The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that:
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=148422&from=4
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.
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.
The Gross Law Firm
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New York, NY, 10018
Email: info@grosslawfirm.com
Phone: (646) 453-8903
SOURCE The Gross Law Firm