According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- Zynex shipped products, including electrodes, in excess of need;
- as a result of this practice, Zynex inflated its revenue;
- Zynex’s practice of filing false claims drew scrutiny from insurers, including Tricare;
- as a result, it was reasonably likely that Zynex would face adverse consequences, including removal from insurer networks and penalties from the federal government; and
- as a result of the foregoing, defendants’ positive statements about Zynex’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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