The Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Easterly ROCMuni High Income Municipal Bond Fund f/k/a Principal Street High Income Municipal Fund (“Easterly” or the “Fund”) (NASDAQ:RMHIX, RMHVX, RMJAX).
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN EASTERLY ROCMUNI HIGH INCOME MUNICIPAL BOND FUND (RMHIX, RMHVX, RMJAX), CONTACT THE LAW OFFICES OF HOWARD G. SMITHBEFORE SEPTEMBER 22, 2025 (LEAD PLAINTIFF DEADLINE) TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email athowardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Is The Lawsuit About? The complaint filed alleges that, between July 29, 2022 and June 12, 2025, Defendants failed to disclose to investors: (1) that the Fund had marked tens of millions of dollars' worth of its portfolio assets at artificially inflated prices that did not reasonably reflect the fair value of those assets; (2) that the Fund had implemented a fundamentally flawed pricing and valuation methodology which had systematically inflated the Fund's net asset value (“NAV”) and individual asset valuations; (3) that the Fund was more heavily invested in illiquid assets than disclosed in the Offering Materials; (4) That the Fund's assets were more closely correlated and less diversified than disclosed in the Offering Materials; (5) That, as a result of the foregoing, the Fund's stated NAV, NAV per share, individual asset valuations, and historical performance were materially overstated; (6) that, as a result, the Fund was subject to a material undisclosed risk of a sudden collapse in the price of Fund shares; and (7) as a result, Defendants' positive statements about the Fund's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Contact Us To Participate or Learn More:
If you wish tolearn moreabout this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact: Howard G. Smith, Esq., Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, Call us at: (215) 638-4847Email us at: howardsmith@howardsmithlaw.com, Visit our website at: www.howardsmithlaw.com.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contact Us:
Law Offices of Howard G. SmithHoward G. Smith, Esquire215-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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SOURCE Law Offices of Howard G. Smith
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