LOS
ANGELES, Sept. 20, 2024 /PRNewswire/ -- The DJS Law
Group alerts investors of an investigation focusing on
Franklin Resources, Inc. ("Franklin" or "the Company") (NYSE: BEN)
for potential violations of the securities laws.
INVESTIGATION DETAILS: The investigation focuses on whether made
false statements when the Company admitted on July 26, 2024, that "following the launch of an
internal investigation focusing on certain past trade allocations
of treasury derivatives in select Western Asset Management ('WAM')
accounts, WAM received notification of parallel investigations by
the SEC and U.S. Department of Justice." The Company then disclosed
on August 21, 2024, that WAM co-Chief
Investment Officer Ken Leech had
been played on leave "effective immediately" adding that "in light
of Mr. Leech's leave of absence, the Company has determined that
closing its Macro Opportunities strategy (approximately
$2.0 billion in AUM as of 7/31/2024)
is in clients' best interests." Finally, the Company also disclosed
that Leech had received a Wells Notice from the SEC. Based on this
news, shares of Franklin fell significantly
If you are a shareholder who suffered a loss, contact us to
participate.
WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance
investor return through balanced counseling and aggressive
advocacy. We specialize in securities class actions, corporate
governance litigation, and domestic/international M&A
appraisals. Our clients are some of the largest and most
sophisticated hedge funds and alternative asset managers in the
world. The litigation claims of our clients are extraordinarily
valuable assets that demand respect, focus, and results.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and rules of
ethics.
CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: David@djslawllp.com
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SOURCE DJS Law Group LLP