IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) announces that it is investigating claims against State Street Corporation (“State Street” or the “Company”) (NYSE: STT) concerning possible violations of federal securities laws.
If you purchased shares of State Street and want more information free of charge, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
On January 18, 2017, the U.S. Department of Justice found that State Street entered into a deferred prosecution agreement, agreeing to confer a sum of $32.3 million to resolve charges related to an alleged scheme to defraud bank clients by illicitly adding commissions to billions of dollars of securities trades.
The Company confessed to the allegations and agreed to a deferred prosecution agreement that requires that the Company use an independent corporate compliance monitor for three years.
When this news was revealed to the public, the value of State Street dropped, causing investors harm.
If you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at joon@khanglaw.com.
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