Investors Alert: Securities Class Action Investigation Update
The Rosen Law Firm, a prominent global investor rights law firm, is currently looking into potential securities claims for investors of Western Asset Management Company. This investigation stems from claims that Western Asset may have disseminated materially misleading business information to the investing public.
Understanding the Investigation
For those who have invested in Western Asset mutual funds, there may be a chance for compensation without any out-of-pocket costs. This is facilitated through a contingency fee arrangement. The Rosen Law Firm is actively working towards a class action lawsuit aimed at recovering losses suffered by investors.
Details of the Investigation
The urgency of this case was highlighted when the U.S. Securities and Exchange Commission (SEC) recently charged Ken Leech, the former co-chief investment officer at Western Asset Management Co., with fraud. The charges center on an alleged multiyear scheme where Leech is accused of favoring certain portfolios with beneficial trades, while disadvantaging others through a practice known as cherry-picking.
Why Choose Rosen Law Firm?
Choosing competent counsel is essential in securities litigation. The Rosen Law Firm has a proven track record of success in handling securities class actions. They were ranked first for the number of securities class action settlements in a given year and have secured hundreds of millions of dollars for investors. Their expertise and experience set them apart from firms that often do not litigate these types of cases.
Notable Achievements
Among their notable accomplishments, in 2019 alone, the firm recovered over $438 million for investors. Laurence Rosen, one of the founding partners, has been recognized in Law360 as a Titan of the Plaintiffs' Bar, underscoring the firm's standing and reliability in this field.
Steps for Investors
If you believe you qualify to be part of this class action, you’re encouraged to reach out. Investors interested in joining the prospective class action should contact The Rosen Law Firm for further information. You can call Phillip Kim, Esq. toll-free at 866-767-3653 for guidance on how to proceed.
Online Presence
Stay updated with the latest news and developments by following the Rosen Law Firm on their social media platforms, including LinkedIn, Twitter, and Facebook, where they share important information regarding ongoing investigations and investor rights.
Frequently Asked Questions
What is the purpose of the investigation by Rosen Law Firm?
The investigation aims to identify potential securities claims on behalf of Western Asset Investment mutual fund investors who may have been misled by inaccurate business information.
How can I join the class action?
Interested investors can contact the Rosen Law Firm to discuss eligibility for joining the prospective class action lawsuit.
What were the allegations against Ken Leech?
Ken Leech has been accused of committing fraud through a practice known as cherry-picking, where he allegedly allocated favorable trades to certain portfolios to the detriment of others.
What makes Rosen Law Firm different?
The firm has a strong history of successful securities class action settlements and possesses extensive experience and resources, which is invaluable for clients seeking justice and compensation.
How much has Rosen Law Firm recovered for investors?
In 2019, the firm secured over $438 million in recoveries for investors, highlighting their effectiveness in representing the interests of their clients.
