The Rosen Law Firm, a global investor rights law firm, is representing investors in a class-action lawsuit against the Easterly ROCMuni High Income Municipal Bond Fund (formerly known as the Principal Street High Income Municipal Fund). The firm alleges the fund made misleading statements to investors.
The lawsuit claims that between May 5, 2023, and June 12, 2025, the Easterly ROCMuni High Income Municipal Bond Fund misrepresented the value of its assets. The firm contends the fund overstated its net asset value (NAV) due to flawed valuation methods.
According to the complaint, the Easterly ROCMuni High Income Municipal Bond Fund‘s portfolio contained more illiquid assets than disclosed. Additionally, the firm argues the level of diversification in the fund’s holdings was also misrepresented.
The Rosen Law Firm asserts that these misrepresentations concealed the risk of a significant drop in share price. The firm believes that investors suffered losses as a result of the alleged misstatements and omissions.
Investors who purchased shares of the Easterly ROCMuni High Income Municipal Bond Fund during the specified period may be entitled to compensation. The firm operates under a contingency fee arrangement, meaning investors do not pay out-of-pocket fees or costs.
Rosen Law Firm encourages investors to choose counsel with a proven track record in securities class action lawsuits. They highlight their own extensive experience and numerous successful settlements. They cite their ranking by ISS Securities Class Action Services and their history of recovering substantial sums for investors.
The lead plaintiff deadline in this case is September 22, 2025. A lead plaintiff represents the interests of all class members in the litigation. Interested investors can contact Phillip Kim at Rosen Law Firm for more information. The firm emphasizes that participation in the lawsuit is not contingent on becoming a lead plaintiff. Those who do not wish to participate may remain absent class members.
The firm states that no class has yet been certified, and investors may retain counsel of their choice or remain inactive at this time. The Rosen Law Firm‘s announcement concludes with standard legal disclaimers regarding prior results and attorney advertising.
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