LOS ANGELES–(BUSINESS WIRE)–The Schall Law Firm, a national shareholder rights litigation firm, reminds purchasers of the Western Asset US Core Bond Fund mutual fund classes including Class I (“WATFX”), Class A (“WABAX”), Class C (“WABCX”), Class FI (“WAPIX”), Class IS (“WACSX”), and Class R (“WABRX”) – and the Western Asset Core Plus Bond Fund mutual fund classes including Class A (“WAPAX”), Class C (“WAPCX”), Class C1 (“LWCPX”), Class FI (“WACIX”), Class R (“WAPRX”), Class I (“WACPX”), and Class IS (“WAPSX”) of a class action lawsuit against Western Asset Management Company, LLC (“Wamco” or “the Company”) for violations of the federal securities laws.
Investors who purchased the Company’s mutual fund classes between January 1, 2021 and October 31, 2023, inclusive (the “Class Period”), are encouraged to contact the firm before September 5, 2025.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Wamco favored certain strategies over others, treating its Core and Core Plus strategies with particular disfavor. The Company’s failed to maintain appropriate compliance procedures to ensure fair allocations of investment opportunities. The Company’s “oversight mechanisms” were insufficient to protect investors. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Wamco, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Contacts
The Schall Law Firm
Brian Schall, Esq.
www.schallfirm.com
Office: 310-301-3335
[email protected]
