Jake Zamansky Quoted in The Bond Buyer Regarding Easterly Fund Class Action Suit
A federal judge has allowed key claims in the class-action lawsuit over the collapse of the Easterly RocMuni High Income Municipal Bond Fund to move forward. The court found that investors plausibly alleged the fund understated its exposure to illiquid and distressed securities, while dismissing claims related to valuation practices and certain defendants. The ruling keeps the core litigation alive as investors seek accountability for losses tied to the fund’s dramatic 2025 selloff.
Regarding the case, our own investment fraud attorney, Jake Zamansky, was quoted in a recent article in The Bond Buyer. You can read that article here.