Franklin Resources (BEN) Stumbles Again After Shuttering $2 Billion Fund, Placing Co-CIO On Leave - Hagens Berman
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Franklin Resources (BEN) faces challenges as it closes a $2 billion fund and places its Co-CIO on leave. Hagens Berman is urging investors who suffered losses to report them and is seeking information for an investigation.
November 15, 2024 | 6:45 pm
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NEGATIVE IMPACT
Franklin Resources has closed a $2 billion fund and placed its Co-CIO on leave, prompting Hagens Berman to call for investors to report losses and assist in an investigation.
The closure of a significant fund and the leave of a Co-CIO are negative signals for Franklin Resources, potentially impacting investor confidence and stock price negatively. The involvement of Hagens Berman in urging investors to report losses further suggests legal and financial challenges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100