IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “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 purchased shares of State Street during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or via e-mail at firstname.lastname@example.org.
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.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
If you wish to learn more about this lawsuit at no charge, or if you have 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 via e-mail at email@example.com.
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