#United States #New York #Securities Fraud #Rosen Law Firm #Western Asset

Investors of Western Asset Management Prepare for Securities Fraud Lawsuit

In a significant development for mutual fund investors, the Rosen Law Firm has issued a reminder to purchasers of the "Western Asset US Core Bond Fund" and "Western Asset Core Plus Bond Fund". Those who invested in these funds between January 1, 2021, and October 31, 2023, may have the opportunity to lead a class action lawsuit against Western Asset Management Company. This case, a result of alleged securities fraud, highlights the importance of understanding one's rights as an investor.

Background on the Lawsuit

The lawsuit stems from claims that Western Asset Management Company and its associates failed to inform investors about significant issues affecting the performance of certain mutual fund strategies. These strategies include the preferred use of specific funds, such as Macro Opps, which were allegedly favored at the expense of others like Core and Core Plus. According to the allegations, compliance policies meant to ensure fair allocation of trades were either insufficient or purposefully ignored, leading to misleading practices that artificially depressed the fund prices.

Class Period Specifics

The specified class period for potential claimants includes several classes of mutual funds with various tickers. These include Class I (WATFX), Class A (WABAX), Class C (WABCX), and others for both the US Core Bond Fund and the Core Plus Bond Fund. Investors who bought shares in these classes during the defined period are encouraged to look into the possibility of claiming compensation for any damages incurred.

Steps for Investors

Those wishing to join the class action lawsuit are advised to visit the Rosen Law Firm website or contact attorney Phillip Kim directly for more information. It’s crucial to note that they need to act quickly; a lead plaintiff must file their motion by September 5, 2025. Being a lead plaintiff means being an active participant in the lawsuit, representing fellow investors and directing the litigation process.

Why Choose the Rosen Law Firm?

Choosing the right legal counsel is essential, especially in cases of this nature. The Rosen Law Firm has a proven track record, having secured the largest securities class action settlement against a Chinese company in history and maintaining a top position for successful settlements in the field since 2013. The firm specializes in securities class actions and shareholder derivative litigation, with a commitment to fighting for investor rights.

Conclusion

Investors who purchased shares in the affected Western Asset mutual funds from 2021 to 2023 may have a viable claim in this class action lawsuit. With the deadline approaching, potential class members should act promptly to explore their options. More information can be obtained on the firm’s website or by contacting their offices directly.

Stay informed about developments in the case and your rights as an investor. Engaging with experienced legal counsel may be the crucial step to ensure the protection of your investment interests.