New York, January 14, 2025 — The Rosen Law Firm, a leading global advocate for investor rights, is currently investigating potential securities claims on behalf of individuals who have suffered losses in Western Asset Management Company mutual funds. The investigation stems from concerns that the company may have disseminated materially misleading business information to the public, potentially affecting investors’ financial outcomes.
The firm is actively preparing a class action lawsuit aimed at securing compensation for investors who purchased Western Asset mutual funds. Those eligible could potentially recover their losses under a contingency fee arrangement, meaning no upfront costs are required. To participate in the class action, investors are encouraged to visit the Rosen Law Firm’s website or contact the firm directly at their toll-free number or email.
This legal action follows a significant development from the U.S. Securities and Exchange Commission (SEC) on November 25, 2024, when it charged Ken Leech, the former Co-Chief Investment Officer of Western Asset Management Co., with fraud. The SEC’s press release outlined that Leech allegedly engaged in a years-long scheme involving “cherry-picking,” where he allegedly allocated profitable trades to certain portfolios while assigning unprofitable trades to others.
Rosen Law Firm, renowned for its track record in securities class actions and shareholder litigation, advises investors to carefully choose their legal representation. With a history of successful class action settlements, including the largest securities settlement involving a Chinese company at the time, the Rosen Law Firm has established itself as a top-tier player in securities law. The firm has consistently ranked among the top in securities class action settlements and is highly regarded by legal professionals and clients alike.
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