Western Asset Management Company (LAOIX, WATFX, WACPX)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Western Asset Management Company (LAOIX, WATFX, WACPX) mutual fund. Investors who purchased mutual funds are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Western Asset Management Company has violated federal securities laws.
Investigation Details
On November 25, 2024, the U.S. Securities and Exchange Commission issued a press release entitled “SEC Charges Ken Leech, Former Co-Chief Investment Officer of Western Asset Management Co., with Fraud.” The release stated that Leech had been charged with fraud “for engaging in a multi-year scheme to allocate favorable trades to certain portfolios, while allocating unfavorable trades to other portfolios, a practice known as cherry-picking.”
What’s Next?
If you are aware of any facts relating to this investigation or purchased Western Asset Management Company mutual funds, you can assist this investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | [email protected]