#United States #New York #Securities Fraud #Pomerantz LLP #Western Asset Management

Investors Alert

Pomerantz LLP has announced an important development concerning mutual fund investors, particularly those involved with the Western Asset Management Company, LLC (often referred to as WAMCO). The firm has filed a class action lawsuit against WAMCO, along with Franklin Resources, Inc. and Stephen Kenneth Leech II, which potentially impacts numerous stakeholders in various mutual fund classes.

Overview of the Lawsuit

The lawsuit centers around several mutual fund classes, including the Western Asset US Core Bond Fund and the Western Asset Core Plus Bond Fund. These funds include multiple classes like Class I, Class A, Class C, and others identified by their respective tickers (e.g., WATFX, WABAX, etc.).

Investors who have suffered losses from their investments during the specified class period are being urged to participate actively in this legal action. They can reach out to Danielle Peyton from Pomerantz LLP for more information. The deadline for requesting to be appointed as Lead Plaintiff is September 2, 2025. Interested parties should have details such as their mailing addresses and the number of shares they purchased readily available for the inquiry process.

Allegations Against the Defendants

The class action alleges that the Defendants, including WAMCO and its leadership, engaged in securities fraud and violated various business laws. Specifically, the Defendants are accused of:
1. Favoring Specific Strategies: WAMCO’s management purportedly prioritized certain investment strategies, like Macro Opps, while overlooking others, such as Core and Core Plus strategies.
2. Poor Compliance Mechanisms: The lawsuit claims that the compliance structures designed to ensure fair investment opportunities were either inadequate or ignored by the management team, resulting in a bias towards favored strategies.
3. Lack of Oversight: It is asserted that oversight provided by WAMCO did not sufficiently monitor the activities of Stephen Leech and his team, leading to further preferential treatment of certain investment strategies at the expense of others.

These allegations point to a larger problem of transparency and ethical management within the organization that has led to significant financial losses for investors.

About Pomerantz LLP

Pomerantz LLP is recognized as a leading law firm specializing in corporate, securities, and antitrust class action litigation. Established by the late Abraham L. Pomerantz—often referred to as a pioneering figure in the class action field—the firm has remained dedicated to securing justice for victims of securities fraud and corporate misconduct. With over 85 years of experience, Pomerantz has successfully attained numerous multi-million-dollar settlements for their clients, establishing itself as a trusted name in the realms of finance and law. More details can be found on their official website:
www.pomerantzlaw.com).

Conclusion

For investors who might have been affected by the circumstances surrounding the Western Asset Management Company, this class action lawsuit represents a crucial opportunity to seek reparations for their investment losses. The overarching message from Pomerantz LLP stresses the importance of investor awareness and the mechanisms available to address grievances against financial institutions. As the situation unfolds, it is vital for affected shareholders to remain informed and proactive about their rights and legal standing.

For further inquiries and information about joining the class action, potential claimants are encouraged to contact Danielle Peyton at Pomerantz LLP via email or by phone, thereby ensuring their voices are heard in this critical legal battle.