Franklin Templeton said on December 13, 2025 it was informed by the U.S. Department of Justice that it is prepared to resolve the investigation into Western Asset in connection with the conduct charged in the case of United States v. Leech through a disposition that does not require the filing of any criminal charges against Western Asset.

1. 01

   Franklin Templeton said on December 13, 2025 it was informed by the U.S. Department of Justice that it is prepared to resolve the investigation into Western Asset in connection with the conduct charged in the case of United States v. Leech through a disposition that does not require the filing of any criminal charges against Western Asset.

2. 02

   Franklin Templeton said it launched an internal investigation into certain past trade allocations involving treasury derivatives in select accounts managed by Western Asset Management Company, LLC, and in connection therewith received notification of an investigation by the DOJ.

3. 03

   The company said the DOJ noted that as it continues the ongoing resolution discussions, which require additional time to complete due to circumstances not attributable to Western Asset, it appreciates Western Asset's commitment to full cooperation with the investigation.

4. 04

   Franklin Templeton said Western Asset Management Company, LLC is a wholly-owned subsidiary of the Company, and this disclosure was filed as Form 8-K Item 8.01 Other Events on December 15, 2025.

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