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Investors who lost money on Zynex, Inc.(ZYXI) should contact Levi & Korsinsky about pending Class Action - ZYXI
ZynexZynex(US:ZYXI) Prnewswireยท2025-05-13 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] Group 1: Allegations - The lawsuit claims that Zynex shipped products, including electrodes, in excess of need, leading to inflated revenue [2] - It is alleged that Zynex'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 Zynex's business and operations were claimed to be materially misleading and lacked a reasonable basis [2] Group 2: Legal Process - Investors who suffered losses in Zynex, Inc. during the specified timeframe have until May 19, 2025, to request to be appointed as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky, LLP 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 United States [4]