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Events / Regulatory / Easterly ROCMuni Fund Class Action Lawsuit
Regulatory class action

Easterly ROCMuni Fund Class Action Lawsuit

Analysis based on 11 articles · First reported Jul 26, 2025 · Last updated Aug 13, 2025

Sentiment
-50
Attention
2
Articles
11
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The class action lawsuit against the Easterly ROCMuni High Income Municipal Bond Fund and James Alpha Funds Trust could lead to significant financial liabilities for the defendants, potentially impacting their stock prices and investor confidence. For investors who purchased shares during the Class Period, there is a potential for compensation, which could affect their investment portfolios.

Financial services Legal
Event Summary

Rosen Law Firm has filed a class action lawsuit against the Easterly ROCMuni High Income Municipal Bond Fund, a mutual fund within James Alpha Funds Trust, on behalf of investors who purchased shares between May 5, 2023, and June 12, 2025. The lawsuit alleges that the Fund made false and misleading statements by marking portfolio assets at artificially inflated prices, implementing a flawed valuation methodology, and failing to disclose its heavy investment in illiquid and correlated assets. These actions allegedly overstated the Fund's net asset value (NAV) and historical performance, exposing investors to an undisclosed risk of a sudden collapse in share price. Philip Kim and Lawrence Rosen of Rosen Law Firm are leading the efforts to encourage affected investors to join the class action by the September 22, 2025, lead plaintiff deadline.

Entities Involved
oth
Easterly ROCMuni High Income Municipal Bond Fund
The Easterly ROCMuni High Income Municipal Bond Fund is the subject of a class action lawsuit alleging that it made false and misleading statements regarding its asset valuations, NAV, and investment diversification, leading to an undisclosed risk of collapse.
Importance 100.0 Sentiment -70.0
oth
James Alpha Funds Trust
James Alpha Funds Trust is the defendant in the class action lawsuit, as the Easterly ROCMuni High Income Municipal Bond Fund is a mutual fund within its series of mutual funds.
Importance 70.0 Sentiment -50.0
priv
Rosen Law Firm
Importance 0.0 Sentiment 0.0
per
Philip Kim
Importance 0.0 Sentiment 0.0
per
Lawrence Rosen
Importance 0.0 Sentiment 0.0
Relationships
Rosen Law Firm related ↔ Philip Kim
Rosen Law Firm related ↔ Lawrence Rosen
Philip Kim attorney ↔ Lawrence Rosen Philip Kim is an attorney at the Rosen Law Firm, working under the direction of founding partner Lawrence Rosen. Kim fre
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