Western Asset Mutual Funds Class Action Lawsuit Filed Against Western Asset Management Company

Investors who purchased Western Asset mutual fund classes between January 1, 2021, and October 31, 2023, may be entitled to compensation due to alleged favoritism towards certain investment strategies during the class period. A class action lawsuit has been filed, and a lead plaintiff must be appointed by September 5, 2025. The Rosen Law Firm, a global investor rights law firm, is representing investors in this matter.

Key Takeaways:

• The lawsuit alleges that Western Asset Management Company favored certain investment strategies, such as Macro Opps, over others, such as Core and Core Plus, during the class period.
• The firm claims that this favoritism resulted in insufficient "compliance policies and procedures" and "oversight mechanisms" to ensure fair allocations of investment opportunities among strategies.
• As a result, the lawsuit alleges that defendants' actions operated as a fraud or deceit on the class, artificially reducing the price of the "Western Asset US Core strategy" mutual fund classes during the class period.
• Investors who purchased Western Asset mutual fund classes between January 1, 2021, and October 31, 2023, may be able to participate in the class action lawsuit.
• The Rosen Law Firm, a global investor rights law firm, is representing investors in this matter.

Statistics:

• The class period lasted from January 1, 2021, to October 31, 2023.
• The deadline for the lead plaintiff to be appointed is September 5, 2025.
• The Rosen Law Firm secured over $438 million for investors in 2019.
• In 2020, founding partner Laurence Rosen was named a Titan of Plaintiffs' Bar by law360.

Sources:

• Rosen Law Firm announces the Filing of a Class Action Lawsuit on behalf of Purchasers of "Western Asset US Core Bond Fund" and "Western Asset Core Plus Bond Fund" Mutual Fund Classes.
• GlobeNewswire, July 10, 2025.