Wolf Haldenstein Files Lawsuit Against Easterly ROCMuni High Income Municipal Bond Fund.

Wolf Haldenstein Adler Freeman & Herz LLP announces a class action lawsuit against Easterly ROCMuni High Income Municipal Bond Fund for allegedly marking down the value of shares by 30% on June 13, 2025. The lawsuit claims this resulted in a significant drop in share value, with per share NAV falling to less than $3 within days. Investors who purchased shares between May 5, 2023, and June 12, 2025, are eligible to submit their contact information for potential participation.

Wolf Haldenstein Adler Freeman & Herz LLP has announced a class action lawsuit against the Easterly ROCMuni High Income Municipal Bond Fund for allegedly marking down the value of shares by 30% on June 13, 2025. The lawsuit claims that this sudden devaluation resulted in a significant drop in share value, with the per share net asset value (NAV) falling to less than $3 within days [1].

The Easterly ROCMuni Fund, previously known as the Principal Street High Income Municipal Fund, experienced a sharp decline in its NAV. On June 13, 2025, the per share NAV of RMHIX was marked down from $6.15 to $4.33, RMHVX from $6.19 to $4.36, and RMJAX from $6.13 to $4.31. By July 8, 2025, the total net assets of the fund had collapsed from over $230 million to less than $17 million [1].

Investors who purchased shares of the Easterly ROCMuni Fund between May 5, 2023, and June 12, 2025, are eligible to participate in the lawsuit. The class action lawsuit alleges that the fund made materially false and misleading statements and failed to disclose that it had marked tens of millions of dollars' worth of its portfolio assets at artificially inflated prices [2].

The lawsuit seeks to recover damages on behalf of all persons and entities that purchased or otherwise acquired Easterly ROCMuni Fund securities during the class period. Investors are encouraged to contact Wolf Haldenstein Adler Freeman & Herz LLP or Bronstein, Gewirtz & Grossman, LLC to submit their contact information and review the complaint [1][2].

References:
[1] https://www.prnewswire.com/news-releases/investors-in-the-easterly-rocmuni-high-income-municipal-bond-funds-should-contact-wolf-haldenstein-immediately-as-lead-plaintiff-deadline-is-september-22nd-302535213.html
[2] https://www.globenewswire.com/news-release/2025/08/20/3136697/9788/en/RMJAX-RMHIX-RMHVX-INVESTOR-ALERT-Bronstein-Gewirtz-Grossman-LLC-Announces-that-Easterly-ROCMuni-High-Income-Municipal-Bond-Fund-Investors-with-Substantial-Losses-Have-Opportunity-t.html