NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against WisdomTree, Inc. (NYSE:WT) and Franklin Resources, Inc. (NYSE: BEN). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
WisdomTree, Inc. (NYSE:WT)
On August 6, 2024, WisdomTree disclosed that it had received a Wells Notice from the U.S. Securities and Exchange Commission (“SEC”) advising the Company that the SEC has made a “preliminary determination” to file an enforcement action “alleging violations of certain provisions of the U.S. federal securities laws.”
On this news, WisdomTree’s stock price fell $0.25, or 2.5%, to close at $9.76 per share on August 6, 2024, thereby injuring investors.
For more information on the WisdomTree investigation go to: https://bespc.com/cases/WT
Franklin Resources, Inc. (NYSE: BEN)
On August 21, 2024, Franklin subsidiary Western Asset Management Company issued a press release announcing that co-Chief Investment Officer Ken Leech “is on a leave of absence, effective immediately” after “receiv[ing] a Wells Notice from the Staff of the U.S. Securities and Exchange Commission”. That same day, Bloomberg reported that “[f]ederal prosecutors in New York are investigating whether a Western Asset Management executive allocated winning trades to favored accounts, as part of a criminal probe into a practice known as ‘cherry-picking.’”
On this news, Franklin’s stock price fell $2.84 per share, or 12.56%, to close at $19.78 per share on August 21, 2024.
For more information on the Franklin investigation go to: https://bespc.com/cases/BEN
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
