The Rosen Law Firm, P.A. (Rosen Law Firm) announces that it is investigating potential securities fraud claims against Zynex, Inc. (Zynex), a US-based medical devices company for violation of the federal securities laws. The Rosen Law Firm is investigating claims in connection with allegations that Zynex issued materially inaccurate financial statements to the investing public between May 21, 2008 and March 31, 2009, inclusive.
On April 1, 2009 Zynex announced that its earlier reported net revenues and accounts receivable for the first three quarters of 2008 could no longer be relied upon. The company announced that it believed the cumulative impact of these adjustments would be $5.1 million. This announcement caused Zynex’s stock price to fall severely.
If you suffered loss in Zynex stock, you have important legal rights that may form the basis of a claim for damages against Zynex and certain of its officers and directors for issuing incorrect financial statements.