#USA #New York #Class Action #Rosen Law Firm #Western Asset

Rosen Law Firm's Class Action Investigation Alerts Investors

Rosen Law Firm, a leading global securities and investor rights law firm, recently announced a class action investigation aimed at investors of Western Asset Management Company LLC's mutual funds. This investigation is prompted by serious allegations regarding the issuance of misleading information pertaining to the company’s business practices that could significantly affect the funds’ invested capital.

The Allegations

On November 25, 2024, the U.S. Securities and Exchange Commission (SEC) publicly charged Ken Leech, the former co-chief investment officer at Western Asset Management Company, with fraud. The SEC’s findings indicated that Leech was involved in a deceptive scheme over several years that favored certain portfolios by executing advantageous trades while unfairly disadvantaging others, a practice known as cherry-picking. Such actions put investors’ capital at undue risk and raise grave concerns about the integrity of the investment management processes within the company.

Who Should Be Concerned?

If you are an investor who purchased shares in Western Asset mutual funds—specifically LAOIX, WATFX, or WACPX—you might be affected by these questionable practices. The Rosen Law Firm invites you to explore your rights regarding potential compensation. Those who participated in these funds may have the opportunity to seek restitution for their financial losses. The firm operates on a contingency fee basis, which means there is no financial burden on individuals wishing to join this inquiry.

What Steps to Take

To get involved in this potential class action lawsuit or to learn more about your options, you can visit Rosen Law Firm's website. Alternatively, you can directly contact Phillip Kim, Attorney, toll-free at 866-767-3653 or via email at [email protected]. The firm emphasizes the importance of timely action as investigation proceedings are underway.

Why Trust Rosen Law Firm?

Rosen Law Firm has earned a strong reputation in the field of investor rights, focusing its efforts on securities class actions and shareholder derivative litigation. Over the years, it has achieved numerous landmark settlements, including the largest securities class action settlement against a Chinese company at the time. In recognition of its continuous efforts and success in the legal field, Rosen Law Firm has ranked among the top firms for securities class action settlements since 2013, recovering hundreds of millions of dollars on behalf of investors. Furthermore, its founding partner, Laurence Rosen, has been recognized as a pivotal figure in the plaintiffs' bar community, underscoring the firm's commitment to advocating for investor rights.

Stay informed about developments related to this class action as well as other important updates by following Rosen Law Firm on their social media platforms, including LinkedIn, Twitter, and Facebook.

Conclusion

Investors impacted by Western Asset Management’s alleged misconduct are encouraged to seek guidance and consider joining the ongoing investigation initiated by Rosen Law Firm. With the expertise and successful track record of the firm, those affected can find hope for recovering their losses and holding accountable those responsible for their unfair practices.