NEW YORK , Nov. 8, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Franklin Resources, Inc. (NYSE: BEN) resulting from allegations that Franklin Resources may have issued materially misleading business information to the investing public.
So What: If you purchased Franklin Resources securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses. What to do next: To join the prospective class action, go to https://rosenlegal.
com/submit-form/?case_id=29671 call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
What is this about: On August 21, 2024 , Franklin Resources filed a current report with the SEC. In this current report, the company announced it was naming a sole Chief Investment Officer at Western Asset Management (a company subsidiary) to replace co-Chief Investment Officer Ken Leech , who had been on a leave of absence, effective immediately. The current report also stated Ken Leech had "received a Wells Notice from the Staff of the U.
S. Securities and Exchange Commission," and "[i]n light of Mr. Leech's leave of absence, the Company has determined that closing its Macro Opportunities strategy [.
. .] is in clients' best interests.
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