Pomerantz Law Firm Issues Alert on Class Action Against Western Asset Management Company for Investor Losses

Pomerantz Law Firm Announces Class Action Lawsuit Against Western Asset Management Company

On August 22, 2025, Pomerantz LLP formally announced the initiation of a class action lawsuit targeting Western Asset Management Company, LLC (WAMCO), along with Franklin Resources, Inc., and Stephen Kenneth Leech, II. This legal action is on behalf of individuals who invested in specific mutual fund classes associated with Western Asset. These include prominent funds such as the ‘Western Asset US Core Bond Fund’ and the ‘Western Asset Core Plus Bond Fund,’ which are widely held by investors seeking stability in their financial portfolios.

Background of the Lawsuit

The class action alleges that the defendants engaged in securities fraud and other unlawful business practices that had a detrimental impact on investors' interests. Those included in the lawsuit are investors of the following fund classes:

- Western Asset US Core Bond Fund: Class I (WATFX), Class A (WABAX), Class C (WABCX), Class FI (WAPIX), Class IS (WACSX), Class R (WABRX)
- Western Asset Core Plus Bond Fund: Class A (WAPAX), Class C (WAPCX), Class C1 (LWCPX), Class FI (WACIX), Class R (WAPRX), Class I (WACPX), Class IS (WAPSX)

Investors who believe they have been affected by the alleged actions of WAMCO are encouraged to reach out to Danielle Peyton from Pomerantz LLP. Inquiries can be made via email at [email protected] or by phone at 646-581-9980, with a dedicated toll-free line available at 888.4-POMLAW.

Key Dates and Information

Those wishing to act on this lawsuit should make note of the impending deadline. Potential plaintiffs need to inform the court by September 2, 2025, if they want to be designated as the Lead Plaintiff. This is a critical step for investors who acquired the described securities during the designated Class Period.
For further details on the complaint, including the specifics of the case, interested parties can visit the firm’s official website at www.pomerantzlaw.com.

Allegations Against WAMCO

The lawsuit outlines several serious allegations against the defendants. These include failures to disclose:
1. Favoritism in Investment Strategies: The defendants allegedly prioritized certain investment strategies, such as Macro Opportunities, while sidelining others like Core and Core Plus.
2. Inadequate Compliance Measures: It is claimed that WAMCO's compliance frameworks were either insufficient or completely ignored, allowing unethical practices regarding trade allocations among the various investment strategies.
3. Insufficient Oversight: The mechanisms intended to oversee investment actions were reportedly inadequate or disregarded entirely, contributing to the biased treatment of specific strategies at the expense of others.

Pomerantz LLP stands as a stalwart in the arena of corporate securities litigation, having built a reputation for championing those wronged by corporate malfeasance. Founded by Abraham L. Pomerantz—widely regarded as the father of the class action—the firm has consistently fought for the rights of investors. Over its 85-year history, Pomerantz has secured numerous multimillion-dollar settlements, providing crucial recourse for affected investors.

Conclusion

For anyone impacted by recent investment losses related to the alleged misconduct by WAMCO, now is the time to take action. As 2025 progresses, potential claimants should not overlook these deadlines as Pomerantz LLP endeavors to uphold investor rights through this legal action. Further updates and details are available through direct contact with the Pomerantz team.