State Street Corp. (NYSE: STT)
MURRAY, FRANK & SAILER LLP is investigating securities fraud claims against State Street Corp. ("State Street" or the "Company") (NYSE: STT) and certain of its officers and directors, on behalf of purchasers of State Street securities between October 17, 2006 and October 19, 2009, inclusive (the "Class Period").
During the Class Period, the Company allegedly made false and/or misleading statements, and also failed to disclose material adverse facts about the Company's business, operations and prospects. Specifically, defendants allegedly made false and/or misleading statements and/or failed to disclose: (1) that the Company set up a scheme to substantially mark up foreign currency trades; (2) that such scheme caused State Street's clients to overpay for such trades; (3) that the scheme allowed the Company to reap illegal profits; (4) that, as a result, the Company's financial results were materially inflated; (5) that the Company's financial results were not prepared in accordance with Generally Accepted Accounting Principles (GAAP); and (6) that the Company lacked adequate internal and financial controls.
If you are a member of the class described above, you may move the Court, not later than February 17, 2010, to serve as Lead Plaintiff for the class. A Lead Plaintiff is a representative chosen by the Court who acts on behalf of other class members in directing the litigation. You do not need to be a Lead Plaintiff to be included in the class. If you purchased State Street securities and wish to discuss this litigation, or have any questions concerning this notice or your rights or interests with respect to these matters, please contact us.
MURRAY, FRANK & SAILER LLP