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Stock impact report

INVESTIGATION ALERT: Berger Montague is Investigating Potential Claims on Behalf of Shareholders of Franklin Resources, Inc. (NYSE: BEN)

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
Company Research Source: GlobeNewswire
PHILADELPHIA, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Berger Montague is currently investigating potential claims on behalf of shareholders of Franklin Resources, Inc. (“Franklin Resources or the Company”) (NYSE: BEN). Franklin Resources, headquartered in San Mateo, CA, is an investment management company operating through its subsidiaries, including Franklin Templeton. On August 21, 2024, Franklin Resources disclosed that the co-Chief Investment Officer of its subsidiary Western Asset Management was placed on leave after receiving a Wells Notice from the U.S. Securities and Exchange Commission. As a result, the Company decided to close one of its investment funds with approximately $2 billion in assets under management. Additionally, federal investigators are reportedly investigating Western Asset Management. Following this news, Franklin Resources shares declined by $2.84, or 12.56%, to close at $19.78 per share on August 21, 2024. If you are a Franklin Resources shareholder and wou Show less Read more
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