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Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Legg Mason, Inc. has obtained a Fair Price in its sale to Franklin Resources

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Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Legg Mason, Inc. has obtained a Fair Price in its sale to Franklin Resources

PR Newswire

MILWAUKEE, Feb. 18, 2020 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating Legg Mason, Inc. [NYSE:LM] for possible breaches of fiduciary duty and other violations of the law in connection with the sale to Franklin Resources.

Click here to learn how to join the action: http://ademilaw.com/case/legg-mason-inc or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

Ademi & O'Reilly, LLP alleges Legg Mason's financial outlook is improving and yet shareholders will receive only $50.00 per share of common stock in an all-cash transaction. The merger agreement unreasonably limits competing bids for Legg Mason by prohibiting solicitation of further bids, and imposing a termination penalty if Legg Mason accepts a superior bid. Legg Mason insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Legg Mason's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Legg Mason.

If you own common stock in Legg Mason and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or http://ademilaw.com/case/legg-mason-inc.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

Cision View original content:http://www.prnewswire.com/news-releases/shareholder-alert-ademi--oreilly-llp-investigates-whether-legg-mason-inc-has-obtained-a-fair-price-in-its-sale-to-franklin-resources-301006728.html

SOURCE Ademi & O'Reilly, LLP

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