Western Asset Managed Municipals Fund Inc. Common Stock (NYSE: MMU)
The Complaint alleges that: (a) throughout the Class Period, Defendants favored certain WAMCO strategies, like Macro Opps, over other WAMCO strategies, like Core and Core Plus; (b) throughout the Class Period, Defendants disfavored certain WAMCO strategies, like Core and Core Plus; (c) any “compliance policies and procedures” that WAMCO maintained “to result in fair allocations of investment opportunities to clients” were either insufficient to ensure that Defendant and his WAMCO Team fairly allocated trades among the strategies they managed or were expressly disregarded by Defendants in order to allow the favoring of certain WAMCO strategies at the expense of other WAMCO strategies; and (d) any “oversight mechanisms” that WAMCO maintained were either insufficient to monitor Defendant and his WAMCO Team or were expressly disregarded by Defendants in order to allow the favoring of certain WAMCO strategies at the expense of other WAMCO strategies.