NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, continues to investigate Franklin Resources, Inc. (NYSE: BEN) for potential violations of the federal securities laws.
If you invested in Franklin Resources, you are encouraged to obtain additional information by visiting https://rosenlegal.com/case/franklin-resources-inc/.
Why did Franklin Resources’ Stock Drop?
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.”
On this news, Franklin Resources’ stock fell 12.5% on August 21, 2024.
Click here for more information: https://rosenlegal.com/case/franklin-resources-inc/.
What Can You Do?
If you invested in Franklin Resources you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
Submit your information by visiting:
https://rosenlegal.com/submit-form/?case_id=29671 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
Why Rosen Law Firm?
We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
For more information about RLF and its attorneys, please visit https://rosenlegal.com/.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com
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