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Class Action Filed Against Zynex, Inc. (ZYXI) Seeking Recovery for Investors - Contact Levi & Korsinsky
Prnewswire· 2025-04-04 09:45
Core Viewpoint - A class action securities lawsuit has been filed against Zynex, Inc. for alleged securities fraud affecting investors between March 13, 2023, and March 11, 2025 [1][2]. Summary by Sections Class Definition - The lawsuit aims to recover losses for Zynex, Inc. investors adversely affected by alleged securities fraud during the specified period [1]. Case Details - The complaint alleges that Zynex shipped products, including electrodes, in excess of need, leading to inflated revenue [2]. - It is claimed that the company's practice of filing false claims attracted scrutiny from insurers, including the U.S. military health insurance program, Tricare [2]. - The lawsuit suggests that Zynex may face adverse consequences such as removal from insurer networks and federal penalties due to these practices [2]. - Defendants' positive statements regarding the company's business and prospects are alleged to be materially misleading and lacking a reasonable basis [2]. Next Steps - Investors who suffered losses in Zynex, Inc. during the relevant timeframe have until May 19, 2025, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [3]. Why Levi & Korsinsky - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the U.S. [4].
ROSEN, GLOBAL TRIAL COUNSEL, Encourages Zynex, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – ZYXI
GlobeNewswire News Room· 2025-04-03 20:15
NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Zynex, Inc. (NASDAQ: ZYXI) between March 13, 2023 and March 11, 2025, both dates inclusive (the “Class Period”), of the important May 19, 2025 lead plaintiff deadline. SO WHAT: If you purchased Zynex securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NE ...
Class Action Filed Against Zynex, Inc. (ZYXI) Seeking Recovery for Investors – Contact The Gross Law Firm
GlobeNewswire News Room· 2025-04-03 17:10
NEW YORK, April 03, 2025 (GLOBE NEWSWIRE) -- 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=140443&from=3 CLASS PERIOD: March 13, 2023 to Marc ...
The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Zynex, Inc.(ZYXI) Shareholders
Prnewswire· 2025-04-03 09:45
Core Viewpoint - Zynex, Inc. is facing allegations of issuing materially false and misleading statements, leading to potential legal consequences and financial repercussions for the company [1]. Allegations Summary - The complaint alleges that Zynex shipped products, including electrodes, in excess of need, inflating its revenue [1]. - The company's practice of filing false claims has drawn scrutiny from insurers, including the U.S. military health insurance program, Tricare [1]. - As a result of these practices, Zynex is likely to face adverse consequences, including removal from insurer networks and penalties from the federal government [1]. - The positive statements made by the defendants regarding the company's business, operations, and prospects were materially misleading and lacked a reasonable basis [1]. Class Action Details - The class period for the allegations is from March 13, 2023, to March 11, 2025 [1]. - Shareholders are encouraged to register for the class action by May 19, 2025, to participate in potential recovery [2]. - Once registered, shareholders will be enrolled in a portfolio monitoring software for status updates throughout the case [2]. Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].
Zynex, Inc. (ZYXI) Craters 51% On Possible Accounting Issues, Securities Class Action Filed - Hagens Berman
Prnewswire· 2025-04-02 13:07
ZYXI Investors with Losses Encouraged to Contact the FirmSAN FRANCISCO , April 2, 2025 /PRNewswire/ -- A securities class action has been filed against Zynex, Inc. (NASDAQ: ZYXI), a medical device manufacturer that produces and markets electrotherapy devices for use in pain management and physical rehabilitation, after it reported dismal Q4 and FY 2024 financial results which sent the price of Zynex shares down $3.59 (-51%) on March 12, 2025. The suit, captioned Tuncel v. Zynex, Inc., et al., No. 1:25-cv-00 ...
Lost Money on Zynex, Inc. (ZYXI)? Join Class Action Suit Seeking Recovery – Contact Levi & Korsinsky
GlobeNewswire News Room· 2025-04-01 17:21
ZYXI investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. NEW YORK, April 01, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Zynex, Inc. ("Zynex, Inc." or the "Company") (NASDAQ: ZYXI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Zynex, Inc. investors who were adversely affected by alleged securities fraud between March 13, 2023 and March 11, 2025. Follow the l ...
Zynex, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before May 19, 2025 to Discuss Your Rights - ZYXI
Prnewswire· 2025-04-01 09:45
NEW YORK, April 1, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Zynex, Inc. ("Zynex, Inc." or the "Company") (NASDAQ: ZYXI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Zynex, Inc. investors who were adversely affected by alleged securities fraud between March 13, 2023 and March 11, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/zynex-inc-lawsuit-submission-f ...
Robbins LLP Reminds ZYXI Stockholders With Large Losses to Contact the Firm for Information About the Zynex, Inc. Class Action Lawsuit
Prnewswire· 2025-03-31 22:15
On March 11, 2025, Zynex reported its fourth quarter and full year 2024 financial results, revealing a significant revenue "shortfall" in the quarter "due to slower than normal payments from certain payers." Zynex further revealed "Tricare has temporarily suspended payments as they review prior claims." Tricare is the health insurance program for the U.S. military. On this news, Zynex's stock price fell $3.59 per share, or 51.3%, to close at $3.41 per share on March 12, 2025. SAN DIEGO, March 31, 2025 /PRNe ...
Zynex, Inc. Securities Fraud Class Action Lawsuit Pending: Contact The Gross Law Firm Before May 19, 2025 to Discuss Your Rights – ZYXI
GlobeNewswire News Room· 2025-03-31 17:25
NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) -- 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=139462&from=3 CLASS PERIOD: March 13, 2023 to Marc ...
The Gross Law Firm Reminds Zynex, Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of May 19, 2025 - ZYXI
Prnewswire· 2025-03-31 09:45
CLASS PERIOD: March 13, 2023 to March 11, 2025 NEW YORK, March 31, 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=139422& ...