An investigation for investors in State Street Corp (NYSE:STT) shares over potential securities laws violations by State Street Corp was announced and NYSE:STT stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/26/2017 -- State Street Corp is under investigation over potential Securities Laws Violations. The investigation was announced on behalf of investors of State Street Corp (NYSE:STT) shares in connection certain financial statements made by State Street.
Investors who purchased shares of State Street Corp (NYSE:STT), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by State Street Corp regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On January 18, 2017, the U.S. Department of Justice announced that State Street Corp entered into a deferred prosecution agreement and agreed to pay a $32.3 million criminal penalty to resolve charges that it engaged in a scheme to defraud a number of the bank's clients by secretly applying commissions to billions of dollars of securities trades. State Street Corp also agreed to offer an equal amount as a civil penalty to the U.S. Securities and Exchange Commission, equaling an aggregate settlement of more than $64 million. State Street Corp admitted the allegations and agreed to a deferred prosecution agreement that requires it to employ an independent corporate compliance monitor for three years.
On January 25, 2017, NYSE:STT shares closed at $80.52 per share.
Those who purchased shares of State Street Corp have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego