{"id":950618,"date":"2026-04-10T20:03:08","date_gmt":"2026-04-11T00:03:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-zynex-inc-zyxiq\/"},"modified":"2026-04-10T20:03:08","modified_gmt":"2026-04-11T00:03:08","slug":"gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-zynex-inc-zyxiq","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-zynex-inc-zyxiq\/","title":{"rendered":"Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Zynex, Inc. (ZYXIQ)"},"content":{"rendered":"
\n

NEW YORK, April 10, 2026 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that it has filed a securities class action lawsuit on February 20, 2026 in the United States District Court for the District of Colorado on behalf of all persons or entities who purchased or otherwise acquired Zynex, Inc. (\u201cZynex\u201d or the \u201cCompany\u201d) (NYSE: ZYXIQ) securities between February 25, 2021 to December 15, 2025, inclusive (the \u201cClass Period\u201d).<\/p>\n

The Complaint alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements and failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects.\u00a0 Specifically, the Complaint alleges that Defendants failed to disclose to investors that: (a) Zynex shipped products, including electrodes, in excess of need; (b) as a result of this practice, the Company inflated its revenue; (c) the Company\u2019s practice of filing false claims drew scrutiny from insurers, including Tricare; (d) on August 21, 2023, Travelers commenced an action against Zynex, Sandgaard, Lucsok and Fox in the Superior Court of California alleging that Zynex and the defendants had embarked on a fraudulent overbilling scheme and sought more than $23 million in damages and civil penalties relating to hundreds of fraudulent claims between 2018 and 2023; (e) management had prioritized aggressive sales strategies to drive orders over compliance with industry laws, rules and regulations; (f) the Company was not committed to maintaining a strong internal control environment; (g) the Company\u2019s order growth was a result of illegal overbilling; (h) as a result, it was reasonably likely that Zynex would face adverse consequences, including removal from insurer networks and penalties from the federal government; and (i) as a result of the foregoing, Defendants\u2019 positive statements about the Company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p>\n

Investors who purchased or otherwise acquired shares of Zynex should contact the Firm prior to the April 21, 2026<\/em><\/strong> lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at tjmckenna@gme-law.com<\/u><\/a> or gegleston@gme-law.com<\/u><\/a>.<\/p>\n

Please visit our website at http:\/\/www.gme-law.com<\/u><\/a> for more information about the firm.<\/p>\n

\"\"
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\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, April 10, 2026 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that it has filed a securities class action lawsuit on February 20, 2026 in the United States District Court for the District of Colorado on behalf of all persons or entities who purchased or otherwise acquired Zynex, Inc. (\u201cZynex\u201d or the \u201cCompany\u201d) (NYSE: ZYXIQ) securities between February 25, 2021 to December 15, 2025, inclusive (the \u201cClass Period\u201d). The Complaint alleges that throughout the Class Period, Defendants made materially false and\/or misleading statements and failed to disclose material adverse facts about the Company\u2019s business, operations, and prospects.\u00a0 Specifically, the Complaint alleges that Defendants failed to disclose to investors that: (a) Zynex shipped products, including electrodes, in excess of … <\/p>\n

Continue reading “Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Zynex, Inc. (ZYXIQ)”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-950618","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Zynex, Inc. 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