Rosen Law Firm investigates potential securities claims involving Putnam stock-based mutual funds

Separate Rosen notices seek potential claimants tied to Putnam stock-based mutual funds and Manhattan Associates, citing alleged misleading information in one case and possible fiduciary-duty breaches in the other.

Summary

Rosen Law Firm issued separate investor outreach notices regarding Putnam Investment Management, LLC stock-based mutual funds and Manhattan Associates, Inc. In the Putnam matter, the firm said it is investigating potential securities claims over allegations that Putnam may have issued materially misleading business information and is preparing a proposed class action to recover investor losses. In the Manhattan Associates matter, Rosen said it is investigating potential breaches of fiduciary duties by the company's directors and officers and asked current shareholders to contact the firm for more information.

Terms & Concepts
  • class action: A lawsuit brought on behalf of a group of investors with similar claims.
  • fiduciary duties: Legal obligations requiring directors and officers to act in shareholders' best interests.
  • stock-based mutual funds: Mutual funds that primarily invest in equities or stocks.