Hagens Berman Alerts Zynex (ZYXI / ZYXIQ) Investors to Securities Class Action Following Bankruptcy and Federal Fraud Settlements

Lawsuit Alleges Systematic "Oversupplying" Scheme and Overbilling of Government Payors; Firm Reminds Investors of April 21 Lead Plaintiff Deadline.

SAN FRANCISCO, March 16, 2026 /PRNewswire/ -- National shareholder rights law firm Hagens Berman is notifying investors that a securities class action lawsuit has been filed against Zynex, Inc. (ZYXI/ ZYXIQ) and its former top executives. The litigation follows the company's delisting and subsequent Chapter 11 bankruptcy filing triggered by revelations of a massive overbilling scheme. The firm urges Zynex investors who suffered significant losses to:

SUBMIT YOUR ZYNEX LOSSES NOW.

The lawsuit, Beidel v. Sandgaard, et al., No. 1:26-cv-00714, was filed in the U.S. District Court for the District of Colorado. The action seeks to recover losses for all persons and entities who purchased or otherwise acquired Zynex securities during the Class Period: February 25, 2021, through December 15, 2025, inclusive.

Zynex investors are encouraged to visit: www.hbsslaw.com/cases/zynex

"The Beidel complaint alleges a fundamental deception of the market regarding the source of Zynex's revenue." said Reed Kathrein, the Hagens Berman partner leading the firm's investigation of the claims in the pending suit. "The allegations suggest that Zynex's purported growth was not the result of legitimate demand, but was instead driven by a predatory 'oversupplying' scheme that targeted patients and defrauded payors."

Summary of Allegations: The "Oversupplying" Scheme

The filed complaint alleges that throughout the Class Period, defendants violated federal securities laws by failing to disclose.

Critical Deadline: April 21, 2026

If you purchased Zynex common stock during the Class Period (February 25, 2021 – December 15, 2025), you have until April 21, 2026, to ask the Court to appoint you as Lead Plaintiff.

If you'd like more information and answers to frequently asked questions about the Zynex case and the firm's investigation, read more »

Whistleblowers: Persons with non-public information regarding Zynex should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman

Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.

SOURCE Hagens Berman Sobol Shapiro LLP