Financial News

Western Asset Macro Opportunities Fund Is Being Investigated for Potential Securities Law Violations - Contact Kaplan Fox & Kilsheimer LLP

NEW YORK, NY - (NewMediaWire) - August 24, 2024 - Kaplan Fox & Kilsheimer LLP is investigating potential securities violations concerning the Western Asset Macro Opportunities Fund (LAAAX, LAATX, LAACX, LAFIX, LAOIX, LAOSX) (the “Macro Opportunities Fund”).

CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS INVESTIGATION

If you invested in the Macro Opportunities Fund and have suffered losses, you may click here to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.

On August 21, 2024, a press release issued by Western Asset Management Company (“Western Asset”) disclosed that the co-Chief Investment Officer of Western Asset, Ken Leech, “recently received a Wells Notice from the Staff of the U.S. Securities and Exchange Commission, and is on a leave of absence to focus on this matter.”  Western Asset’s press release also states that “in light of Mr. Leech’s leave of absence, [Western Asset] has determined that closing its Macro Opportunities strategy (approximately $2.0 billion in AUM as of 7/31/24) is in clients’ best interests.” According to an August 21, 2024 Bloomberg article, “Federal prosecutors in New York are conducting a criminal probe into the practice known as ‘cherry picking,’ where winning trades are credited to favored accounts, according to people familiar with the matter.”

WHY CONTACT KAPLAN FOX - Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey.  With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand.  Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients.  For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

If you have any questions about this investigation, please contact:

Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
E-mail: pmayer@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax:  (415) 772-4707
E-mail: lking@kaplanfox.com

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