Western Asset Mutual Fund Announcement: Western Asset Mutual Fund Investors That Suffered Losses Are Encouraged to Contact The Rosen Law Firm About Ongoing Investigation into the Company – LAOIX, WATFX, WACPX

Core Summary - The Rosen Law Firm is investigating potential securities claims on behalf of Western Asset Management Company mutual fund investors due to allegations of materially misleading business information [1] - Investors who purchased Western Asset mutual funds may be entitled to compensation through a contingency fee arrangement, with a class action being prepared to recover investor losses [2] - The investigation stems from SEC charges against Ken Leech, former Co-Chief Investment Officer of Western Asset Management Co, for fraud related to cherry-picking trades [3] Legal Action Details - The Rosen Law Firm is preparing a class action to recover investor losses, with no out-of-pocket fees or costs for investors [2] - Investors can join the prospective class action by contacting the Rosen Law Firm through their website or directly via phone or email [2] Background of the Case - The SEC charged Ken Leech with fraud for a multi-year scheme of allocating favorable trades to certain portfolios and unfavorable trades to others, a practice known as cherry-picking [3] - The charges were announced in a press release by the SEC on November 25, 2024 [3] Rosen Law Firm Credentials - The Rosen Law Firm specializes in securities class actions and shareholder derivative litigation, with a global presence [3] - The firm achieved the largest securities class action settlement against a Chinese company at the time and has been ranked in the top 4 for securities class action settlements each year since 2013 [3] - In 2019 alone, the firm secured over $438 million for investors [3] - Founding partner Laurence Rosen was named a Titan of Plaintiffs’ Bar by Law360 in 2020, and many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers [3]