Legg Mason Inc. agreed to pay $64.2 million to settle a probe of an affiliate that managed investments for the Libyan government when Moammar Gadhafi led the country.
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Read More »June 6, 2018 Comments Off on Legg Mason settles with Justice Department in Libyan bribery probe
Legg Mason Inc. agreed to pay $64.2 million to settle a probe of an affiliate that managed investments for the Libyan government when Moammar Gadhafi led the country.
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Read More »December 19, 2016 Comments Off on Legg Mason’s largest shareholder is increasing its investment
Legg Mason’s largest shareholder, Shanda Group, is adding two members to the Baltimore money manager’s board of directors and plans to purchase up to 15 percent of the company’s common stock. Legg Mason announced Monday that the agreement is part ...
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Read More »August 11, 2016 Comments Off on Famed investor Bill Miller leaving Legg Mason after 35 years
Bill Miller is leaving Legg Mason after more than three decades. The stock picker, famed for beating the S&P 500 Index for 15 straight years when he ran the Legg Mason Value Trust, is buying Legg Mason’s stake in LMM ...
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Read More »April 12, 2016 Comments Off on Activist investor Peltz’s fund to sell stake in Legg Mason
Activist investor Trian Fund Management agreed to sell its 9.9 percent stake in Legg Mason Inc. to Shanda Group, ending a six-year push to lift the share price of the Baltimore-based money manager. Trian is selling “substantially all” of the ...
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Read More »April 7, 2016 Comments Off on Md. financial institutions pledge time and money to BLocal
A handful of financial institutions have signed on to be part of BLocal, an initiative that brings together 25 area businesses and organizations to direct more resources toward helping Baltimore residents and small businesses. Companies including T. Rowe Price, Legg ...
Tagged with: 1st Mariner Bank ABS Capital Partners BLocal Legg Mason M&T Bank T. Rowe Price
Read More »January 26, 2016 Comments Off on Because of technology, snow day means business as usual
Across the country, people are working from home more than ever. Census Bureau data shows that half the U.S. workforce has a job that can be done from home, and one in four people work from home on a regular ...
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Read More »October 30, 2015 Comments Off on Legg Mason’s net income misses expectations as markets slump
Baltimore-based Legg Mason Inc. reported a fiscal second quarter profit that fell short of analysts’ estimates as the stock market slump eroded assets and fees for overseeing them. Net income rose to $64.3 million, or 58 cents a share, from ...
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Read More »October 21, 2015 Comments Off on Legg Mason completes acquisition of Australian company
Legg Mason has completed the acquisition of the majority shares in RARE Infrastructure Limited, a global listed infrastructure manager based in Sydney, Australia. As of Oct. 20, RARE Infrastructure reported assets under management of $6.8 billion. The company has offices ...
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Read More »July 31, 2015 Comments Off on Legg Mason income up in second quarter
Legg Mason, Inc. Thursday reported net income of $94.5 million and adjusted income of $129.3 million in the first fiscal quarter of this year compared to $72.2 million and $107.2 million, respectively, for the same quarter last year. For the current quarter, ...
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Read More »July 29, 2015 Comments Off on Legg Mason sees growth potential, buys Australian firm
Legg Mason Inc. has agreed to acquire most of Australian firm RARE Infrastructure Ltd. The company, based in Sydney, and with offices in Melbourne, London and Chicago, specializes in global-listed infrastructure investments and manages $7.6 billion for its clients, according ...
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