Zynex(US:ZYXI) Prnewswireยท2025-04-24 15:33Core Viewpoint - A securities class action lawsuit has been filed against Zynex, Inc. for allegedly misleading investors regarding its revenue practices and product shipments during the class period from March 13, 2023, to March 11, 2025 [1][3] Company Overview - Zynex, Inc. is a medical device company based in Englewood, CO, specializing in electrotherapy devices for pain management and rehabilitation [2] Allegations in the Lawsuit - The lawsuit claims that Zynex shipped products, including electrodes, in excess of demand, which allowed the company to inflate its revenue [3] - It is alleged that Zynex's practice of filing false claims attracted scrutiny from insurers, including Tricare [3] - The lawsuit suggests that Zynex is likely to face adverse consequences, such as removal from insurer networks and potential penalties from the federal government [3] Investor Information - Investors who purchased Zynex securities during the class period have until May 19, 2025, to seek appointment as a lead plaintiff representative of the class [2][4]