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Levi & Korsinsky announces it has commenced an investigation of Legg Mason Inc. (NYSE: LM) concerning possible breaches of fiduciary duty by the board of directors of the company. In particular, we determined that since May 15, 2015, the Company granted CEO Joseph Sullivan excess compensation in the amount of 68,576 shares/options in violation of the Company’s shareholder-approved compensation plan. We are investigating an action seeking to force the Company to rescind the improper grants.
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