Zynex Inc. ZYXI Securities Stock Fraud

Company:	Zynex Inc.
Ticker Symbol:	ZYXI
Class Period:	May-21-08 to Mar-31-09
Date Filed:	Apr-9-09
Lead Plaintiff Deadline:	Jun-8-09
Court:	District of Colorado
Allegations:

A class action lawsuit has been filed in the United States District Court for the District of Colorado on behalf of certain investors of Zynex, Inc. f/k/a Zynex Medical Holdings, Inc. ("Zynex" or the "Company") who purchased the Company's securities between May 21, 2008 and March 31, 2009 (the "Class Period").

The Complaint asserts that Zynex, its CEO, Thomas Sandgaard, and CFO, Fritz Allison, violated sections 10(b) and 20(a) of the Securities Exchange Act of 1934 in connection with Zynex's issuance of materially false financial statements to the investing public during the Class Period.

On April 1, 2009, Zynex announced that its unaudited financial statements for the first 3 quarters of 2008 could no longer be relied upon and would be restated to reflect adjustments to allowance for provider discounts, accounts receivable and net revenue. The Company's stock price plummeted more than 50% on this unexpected disclosure.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Zynex Inc. ZYXI Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Zynex Inc. securities class action lawsuit. Please fill in our form on the right to submit your complaint for a free evaluation.