NASDAQ: ZYXI INVESTOR ALERT: Berger Montague Advises Zynex (NASDAQ: ZYXI) Investors of a May 19, 2025 Deadline
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Zynex (NASDAQ: ZYXI), a medical device company, is facing a securities class action lawsuit alleging improper billing practices. A STAT report in June 2024 claimed the company was oversupplying medical devices to bill insurers excessively, leading to insurers removing them from networks. In March 2025, the company reported a significant revenue shortfall and revealed that Tricare temporarily suspended payments, causing a 51% stock price drop.
April 15, 2025 | 7:45 pm
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Zynex is experiencing significant financial and legal challenges due to allegations of improper billing practices, which have led to a securities class action lawsuit and potential damage to its business relationships with insurers.
The lawsuit and reported billing issues directly impact Zynex's financial performance, reputation, and potential future revenue streams. The 51% stock price drop and Tricare payment suspension signal significant investor and market concern.
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