NEW YORK, April 27, 2020 /PRNewswire/ -- Halper Sadeh LLP,
a global investor rights law firm, announces the filing of a
shareholder class action lawsuit against Legg Mason, Inc. (NYSE: LM) in connection
with the proposed sale of Legg Mason
to Franklin Resources, Inc. for $50.00 per share. The lawsuit seeks damages
and/or equitable relief on behalf of Legg
Mason shareholders under the federal securities laws.
If you are a Legg Mason
shareholder and would like to join the action or discuss your legal
rights and options, please visit Legg Mason Class
Action or contact Daniel Sadeh
or Zachary Halper, free of
charge, at (212) 763-0060 or sadeh@halpersadeh.com or
zhalper@halpersadeh.com.
The lawsuit alleges that Defendants issued a materially
misleading proxy statement recommending that Legg Mason shareholders vote in favor of the
proposed sale of Legg Mason to
Franklin Resources. According to the complaint, the proxy statement
contains materially incomplete and misleading information
concerning, among other things, Legg
Mason's financial projections and analyses performed by
Legg Mason's financial
advisors.
If you wish to serve as lead plaintiff, you must move the Court
no later than June 22, 2020. A lead
plaintiff is a representative party acting on behalf of other class
members in directing the litigation. If you would like to join
the action or discuss your legal rights and options, please
visit
https://halpersadeh.com/actions/legg-mason-inc-merger-stock-franklin-resources/
or contact Daniel Sadeh or
Zachary Halper, free of
charge, at (212) 763-0060 or sadeh@halpersadeh.com or
zhalper@halpersadeh.com.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE OR YOU MAY REMAIN
AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.
Halper Sadeh LLP represents investors all over the world who
have fallen victim to securities fraud and corporate misconduct.
Our attorneys have been instrumental in implementing corporate
reforms and recovering millions of dollars on behalf of defrauded
investors.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
Contact Information:
Halper Sadeh LLP
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
sadeh@halpersadeh.com
zhalper@halpersadeh.com
https://www.halpersadeh.com
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SOURCE Halper Sadeh LLP