Zynex(ZYXI) Prnewswire·2025-04-04 09:45Core 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][2]. Summary by Sections Class Definition - The lawsuit aims to recover losses for Zynex, Inc. investors adversely affected by alleged securities fraud during the specified period [1]. Case Details - The complaint alleges that Zynex shipped products, including electrodes, in excess of need, leading to inflated revenue [2]. - It is claimed that the company'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 the company's business and prospects are alleged to be materially misleading and lacking a reasonable basis [2]. Next Steps - Investors who suffered losses in Zynex, Inc. during the relevant timeframe have until May 19, 2025, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [3]. Why Levi & Korsinsky - Levi & Korsinsky 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 U.S. [4].