The lawsuit is for purchasers of the common stock of Zynex, Inc. (OTC: BB:ZYXI.OB) (formerly Zynex Medical Holdings, Inc.) (OTC: BB:ZYNX.OB) between May 21, 2008 and March 31, 2009.
The lawsuit alleges that the Company violated federal securities laws. Specifically, the lawsuit alleges that the Company's founder and CEO, Thomas Sandgaard, and the Company's CFO, Fritz Allison, committed accounting fraud that caused the Company to overstate both its revenue and its receivables for the first three quarters of 2008.
When the Company announced the accounting fraud on April 1, 2009, the Company's share price dropped 50% as a result.
The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you purchased common stock in Zynex, Inc. between May 21, 2008 and March 31, 2009. you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.
Join the Class Action
First Name: *
Last Name: *
If Representing an Institution, Name of Institution:
If Representing an Institution, Position at Institution:
Mailing Address: *
Phone #: *
I, the Plaintiff, certify that:
1. I have reviewed the Complaint and authorized its filing.
2. Plaintiff did not purchase the security that is the subject of this
action, at the direction of plaintiff's counsel or in order to
participate in any private action arising under this title.
3. I am willing to serve as a representative party on behalf of a class
and will testify at deposition and trial, if necessary.
4. My transactions in the securities, which are the subject of this
action, during the Class Period set forth in the Complaint are as
5. I have not served as a representative party on behalf of a class
under the federal security laws during the last three years, except
if detailed below.
6. I will not accept any payment for serving as a representative party,
except to receive my pro rata share of any recovery or as ordered
or approved by the court including the award to a representative
plaintiff of reasonable costs and expenses (including lost wages)
directly relating to the representation of the class.
agreement and retain the Law Offices of Howard G. Smith and its associates to proceed on Plaintiff's behalf, on a contingent fee basis. If I am executing this agreement on behalf of an institution, I further certify that I am authorized to execute this agreement on behalf of the institution.