| COMPANY |
Zynex, Inc. |
| COURT |
United States District Court for the District of Colorado |
| CASE NUMBER |
1:25-cv-00913 |
| JUDGE |
The Hon. Timothy O'Hara |
| CLASS PERIOD |
March 13, 2023, through March 11, 2025 |
| SECURITY TYPE |
Securities |
LEAD PLAINTIFF DEADLINE IS MAY 19, 2025.
If you have suffered losses and would like to discuss your rights, please fill out this form or you may contact Jonathan Naji, Esq. at (484) 270-1453 or via e-mail at info@ktmc.com.
Case Background:
A class action lawsuit was filed on behalf of those who purchased or otherwise acquired Zynex, Inc. (“Zynex”) (NASDAQ: ZYXI) securities between March 13, 2023, and March 11, 2025, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material facts about the company’s business, operations, and prospects. Specifically, Defendants misrepresented and/or failed to disclose that: (1) Zynex shipped products, including electrodes, in excess of need, causing it to report inflated revenues; (2) Zynex had a practice of filing false claims, which drew scrutiny from insurers such as Tricare, and, as a consequence, it was reasonably likely that Zynex would face adverse impacts, including removal from insurer networks and penalties from the federal government; and (3) as a result of the foregoing, Defendants’ statements about the company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
What is a Lead Plaintiff?
A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Filling out the online form above or communicating with any counsel is not necessary to participate or share in any recovery achieved in this case. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of his/her choice, or may choose to do nothing and remain an inactive class member.