Shareholders Filed a Lawsuit Against Easterly Funds for Overstating RMHIX Asset Values

On July 22, 2025, RRMHIX shareholders have filed a class action against Easterly Funds, accusing it of overstating asset valuations, misrepresenting diversification and liquidity controls.

What is this lawsuit about?

Easterly promoted its ROCMuni High Income Municipal Bond Fund as a safe, high-yield, and well-managed investment. But in reality, the fund was heavily invested in risky, illiquid municipal bonds and overstated their value.

On June 13, 2025, Easterly slashed the fund’s value by over 30% in one day, with RMHIX dropping from $6.15 to $4.33 and later falling below $3—wiping out over $215 million in investor assets.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify RRMHIX investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.