According to the lawsuit, defendants failed to warn investors that:
- defendants favored certain WAMCO strategies, like Macro Opps, over other WAMCO strategies, like Core and Core Plus;
- defendants disfavored certain WAMCO strategies, like Core and Core Plus; (3) any “compliance policies and procedures” that WAMCO maintained “to result in fair allocations of investment opportunities to clients” were either insufficient to ensure that Leech and his WAMCO Team fairly allocated trades among the strategies they managed or were expressly disregarded by defendants in order to allow the favoring of certain WAMCO strategies at the expense of other WAMCO strategies;
- any “oversight mechanisms” that WAMCO maintained were either insufficient to monitor Leech and his WAMCO Team or were expressly disregarded by defendants in order to allow the favoring of certain WAMCO strategies at the expense of other WAMCO strategies.
- as a result, 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, damaging Class members.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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