#USA #New York #Franklin Resources #Rosen Law Firm #BEN

Rosen Law Firm Alerts Shareholders of Franklin Resources, Inc.

On November 24, 2024, the Rosen Law Firm, an established global law firm dedicated to protecting investors' rights, announced an ongoing investigation into Franklin Resources, Inc. (NYSE: BEN). This investigation centers around potential securities claims due to allegations suggesting that the firm may have provided materially misleading information to shareholders and the investing public. Given these serious allegations, investors who own Franklin Resources securities are urged to consider their legal options, which may include joining a class action seeking recovery for any losses incurred.

Legal Background

The need for legal recourse arises from a report filed by Franklin Resources with the U.S. Securities and Exchange Commission (SEC) on August 21, 2024. This report disclosed significant changes in the company’s leadership, including the appointment of a new Chief Investment Officer at its subsidiary, Western Asset Management. Ken Leech, the incumbent co-Chief Investment Officer, was placed on a leave of absence and had received a Wells Notice from the SEC. Such notices are serious communications indicating that the agency has found sufficient grounds to pursue enforcement actions.

The announcement on August 21 led to a steep decline in Franklin Resources' stock, which fell by approximately 12.5%, highlighting concerns among investors regarding the future stability and transparency of the company's operations. This sharp drop signifies how seriously investors reacted to the news, and it raises questions about the potential financial implications for shareholders.

Join the Class Action

The Rosen Law Firm is not only investigating these accusations but also preparing to file a class action lawsuit aimed at recovering investor losses, emphasizing that shareholders can participate in this legal process without incurring out-of-pocket expenses. The firm generally works on a contingency fee arrangement, meaning that fees will only be applicable if there is a successful recovery.

Investors wishing to join the class action or seeking more information can easily do so by visiting Rosen Legal, calling the firm toll-free at 866-767-3653, or emailing at [email protected].

Why Choose Rosen Law Firm?

Rosen Law Firm is renowned for its expertise in securities law, boasting a proven track record in handling sophisticated class action cases. They have distinguished themselves in the legal arena, having achieved the largest securities class action settlement against a Chinese entity and leading the charge in numerous other cases. In 2017 alone, the firm was recognized by ISS Securities Class Action Services as the number one firm for securities class action settlements and has been consistently ranked at the top since 2013. Their commitment to investor advocacy has resulted in recovering hundreds of millions of dollars for their clients, totaling over $438 million in 2019 alone.

Conclusion

With a history of significant achievements and a commitment to their clients, the Rosen Law Firm emphasizes the importance of choosing a reputable legal firm when facing potential securities claims. Those with investments in Franklin Resources, Inc. should consider their rights diligently in this volatile period. For updates and further information, follow the Rosen Law Firm on LinkedIn and Twitter, where they provide ongoing legal analysis and updates relevant to shareholders.

The legal field can be complex, particularly involving securities. Therefore, it is essential for investors to remain informed and proactive amid developing situations that could affect their investments. Attorney advertising disclaimer: prior results do not guarantee similar outcomes.

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For further inquiries, contact:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel (212) 686-1060
Toll Free (866) 767-3653
Fax (212) 202-3827
Email: [email protected]
Website: rosenlegal.com