Western Asset Management Sued for Securities Violations: Class Action Lawsuit Filed on Behalf of Investors in Core Bond Funds

Western Asset Management Company is being sued for securities law violations regarding its mutual fund classes. The lawsuit alleges that the company treated certain strategies unfairly and failed to protect investors. Shareholders who purchased funds during the class period (Jan 2021-Oct 2023) are encouraged to contact the DJS Law Group regarding possible lead plaintiff appointments. The deadline to participate is September 5, 2025.

Western Asset Management Company, LLC (WAMCO) is facing a class action lawsuit alleging securities law violations. The lawsuit, filed by the DJS Law Group [1], accuses WAMCO of making false and misleading statements to the market. The suit targets mutual fund classes including Western Asset US Core Bond Fund and Western Asset Core Plus Bond Fund.

The complaint alleges that WAMCO favored certain investment strategies, such as Macro Opps, over others like Core and Core Plus. Additionally, it is claimed that WAMCO did not maintain appropriate compliance procedures to ensure fair allocation of investments, thereby failing to protect investors. The class period for these allegations spans from January 1, 2021, to October 31, 2023 [1].

Shareholders who purchased funds during this period are encouraged to contact the DJS Law Group to discuss possible lead plaintiff appointments. The deadline to participate is September 5, 2025 [1]. The DJS Law Group is known for its expertise in securities class actions and corporate governance litigation [1].

Separately, Pomerantz LLP and Bronstein, Gewirtz & Grossman, LLC have also announced class action lawsuits against WAMCO, Franklin Resources, Inc., and Stephen Kenneth Leech, II, with similar allegations [2][3]. These firms are advising investors to review the complaints and consider joining the class action.

Investors are advised to carefully review the complaints and seek legal advice if they believe they have suffered losses. The class action lawsuits aim to recover damages on behalf of investors who purchased or otherwise acquired the targeted mutual fund classes during the specified class period [2][3].

References:
[1] https://www.businesswire.com/news/home/20250903040362/en/Western-Asset-Management-Company-LLC-Sued-for-Securities-Law-Violations---Contact-the-DJS-Law-Group-to-Discuss-Your-Rights---Wamco
[2] https://www.globenewswire.com/news-release/2025/09/02/3142905/1087/en/INVESTOR-ALERT-Pomerantz-Law-Firm-Reminds-Investors-with-Losses-on-their-Investment-in-the-Shares-of-Certain-Western-Asset-Management-Company-LLC-Mutual-Fund-Classes-of-Class-Actio.html
[3] https://www.globenewswire.com/news-release/2025/09/02/3143119/9788/en/LAOIX-INVESTOR-ALERT-Bronstein-Gewirtz-Grossman-LLC-Announces-that-Western-Asset-Management-Company-LLC-Investors-with-Substantial-Losses-Have-Opportunity-to-Lead-Class-Action-Laws.html