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

Rosen Law Firm Encourages Western Asset Management Investors to Act

Overview

The Rosen Law Firm, one of the leading global law firms dedicated to investor rights, is actively investigating potential securities claims on behalf of investors in Western Asset Management Company LLC’s mutual funds. This investigation comes in the wake of serious allegations against Western Asset, suggesting that the company may have disseminated materially misleading information regarding its business practices.

Investors who purchased mutual funds from Western Asset may have suffered losses as a result of these allegations and are encouraged to explore their legal options for compensation.

Details of the Investigation

Recently, the U.S. Securities and Exchange Commission (SEC) charged Ken Leech, the former Co-Chief Investment Officer of Western Asset Management Company, with committing fraud. The SEC's complaint revealed that Leech engaged in a fraudulent scheme that involved allocating favorable trades to select portfolios while unfairly disadvantaging others, a malpractice referred to as “cherry-picking.” This troubling misconduct raises concerns about the integrity of the investments with Western Asset and their potential impact on investor portfolios.

This is where the Rosen Law Firm steps in, urging affected investors to consider participating in a class action lawsuit. By joining this legal action, investors might recover losses without bearing any out-of-pocket expenses, as the Rosen Law Firm operates on a contingency fee basis. This means that the firm only collects fees if the class action is successful in securing compensation for its clients.

How to Participate

For those interested in joining the potential class action, The Rosen Law Firm has made it straightforward to take the next steps. Investors can head to their designated website to fill out a submission form or contact Phillip Kim, Esq., toll-free at 866-767-3653. Alternatively, they can reach out via email to [email protected] to obtain further details about the class action and their rights.

Why Choose Rosen Law Firm?

The Rosen Law Firm encourages investors to engage qualified legal counsel with proven success in handling securities lawsuits. Many law firms that circulate notices about such cases may lack the requisite experience, connections, or recognition in the field of securities litigation. In contrast, Rosen Law Firm has established a solid reputation, representing investors globally with a focus on securities class actions and shareholder derivative litigation.

Historically, the firm has achieved notable successes, including the largest securities class action settlement involving a Chinese company at that time. According to ISS Securities Class Action Services, the firm ranked first in the number of class action settlements achieved in 2017 and has maintained a top position since 2013. In 2019 alone, the firm recovered over $438 million for investors, demonstrating its commitment to securing justice for its clients.

It's also worth noting that Laurence Rosen, one of the firm’s founding partners, was named a “Titan of Plaintiffs' Bar” by Law360 in 2020, highlighting the firm's standing in the legal community with several attorneys recognized by prestigious entities like Lawdragon and Super Lawyers.

Follow the Firm for Updates

For anyone interested in ongoing updates regarding the investigation and the subsequent class action, the Rosen Law Firm invites individuals to connect with them on various social media platforms, including LinkedIn, Twitter, and Facebook.

Conclusion

If you or a loved one have invested in Western Asset Management Company’s mutual funds, now is the time to seek compensation for any potential losses incurred. The Rosen Law Firm stands ready to assist investors in navigating this complex legal landscape and fighting for the restitution they deserve.