LOS ANGELES--(EON: Enhanced Online News)--Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against State Street Corporation, ("State Street" or the "Company") (NYSE: STT). Investors who purchased or otherwise acquired State Street shares between February 27, 2012 and January 18, 2017 inclusive (the “Class Period”), are encouraged to contact the firm in advance of the March 28, 2017 lead plaintiff deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at email@example.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
On January 18, 2017, the U.S. Department of Justice revealed State Street had entered a deferred prosecution agreement, settling to pay a sum of $32.3 million to resolve charges concerning a purported scheme to defraud several bank clients by adding commissions to billions of dollars of securities trades. State Street also agreed to pay an equal sum as a civil penalty to the U.S. Securities and Exchange Commission, ultimately resulting in an aggregate settlement of more than $64 million. The Company confirmed the allegations and agreed to a deferred prosecution agreement that requires the Company to use an independent corporate compliance monitor for three years.
When this information was revealed to the investing public, the value of State Street fell, causing investors harm.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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