Zynex, Inc. (ZYXI) Investors Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
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Glancy Prongay & Murray LLP has announced a securities fraud class action lawsuit against Zynex, Inc. (ZYXI) alleging the company artificially inflated revenues by shipping excess products and filing false insurance claims between March 2023 and March 2025. The lawsuit claims Zynex misled investors about its business practices and potential regulatory consequences.
April 16, 2025 | 4:15 pm
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The securities fraud lawsuit alleges systematic revenue inflation and potential insurance claim misconduct, which could lead to financial penalties and reputational damage for Zynex.
The lawsuit directly targets Zynex's financial reporting practices, alleging deliberate misrepresentation of revenues. This could result in potential financial penalties, regulatory actions, and loss of investor confidence.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100