LOS ANGELES, CA / ACCESSWIRE / February 20, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against State Street Corporation, ("State Street" or the "Company") (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.
No class has been certified in the above action yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
On January 18, 2017, the U.S. Department of Justice revealed State Street entered into a deferred prosecution agreement, settling to confer a sum of $32.3 million to resolve charges related to an alleged scheme to defraud bank clients by wrongfully adding commissions to billions of dollars of securities trades.
The Company admitted to the allegations and agreed to a deferred prosecution agreement that mandates that the Company use an independent corporate compliance monitor for three years.
When this news was released to the public, the value of State Street dropped, causing investors harm.
Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Lundin Law PC
Brian Lundin, Esq.
SOURCE: Lundin Law PC