Harwood Feffer LLP Announces Investigation of State Street Corporation

PR Newswire

NEW YORK, Jan. 24, 2017

NEW YORK, Jan. 24, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of State Street Corporation ("State Street" or the "Company") (NYSE: STT) concerning whether the board has breached its fiduciary duties to shareholders.

On January 18, 2017, the U.S. Department of Justice announced that State Street had entered a deferred prosecution agreement and agreed to pay a $32.3 million criminal penalty to resolve charges relating to a scheme to defraud clients.  The Company will pay the same amount to settle a civil action filed by the SEC. 

Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.

If you own State Street shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.Benjamin I. Sachs-Michaels, Esq.Harwood Feffer LLP488 Madison AvenueNew York, New York 10022Phone Numbers: (877) 935-7400(212) 935-7400Email: [email protected] Website: http://www.hfesq.com Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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SOURCE Harwood Feffer LLP