Zynex(ZYXI) Prnewswire·2025-03-27 09:45Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Zynex, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements during the class period from March 13, 2023, to March 11, 2025 [1] Allegations - The complaint alleges that Zynex shipped products, including electrodes, in excess of need, leading to inflated revenue [1] - It is claimed that Zynex's practice of filing false claims attracted scrutiny from insurers, including the U.S. military health insurance program, Tricare [1] - The lawsuit suggests that 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 are alleged to be materially misleading and lacking a reasonable basis [1] Next Steps for Shareholders - Shareholders who purchased shares of ZYXI during the specified timeframe are encouraged to register for the class action by May 19, 2025 [2] - Upon registration, shareholders will be enrolled in a portfolio monitoring software to receive status updates throughout the case [2] - There is no cost or obligation for shareholders to participate in this case [2] About the Gross Law Firm - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors affected by deceit, fraud, and illegal business practices [3] - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [3]