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STEVENSON, Md., Feb. 21, 2017 (GLOBE NEWSWIRE) -- The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of purchasers of State Street Corporation (NYSE:STT) (“State Street” or the “Company”) securities during the period between February 27, 2012 and January 18, 2017, inclusive (the “Class Period”).  Investors who wish to become proactively involved in the litigation have until March 28, 2017 to seek appointment as lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff and be selected by the Court.  The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the Class in the action.  The lead plaintiff will be selected from among applicants claiming the largest loss from investment in State Street securities during the Class Period.  Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff.  No class has yet been certified in the above action. The complaint accuses the defendants of violations of the Securities Exchange Act of 1934 by virtue of the defendants’ failure to disclose during the Class Period that State Street engaged in a scheme to defraud a number of its clients by applying commissions to billions of dollars of security trades, its billing practices relied on unsustainable methodologies, over a 18-year period, approximately $240 million or more of expenses may have been incorrectly invoiced, and from June 2010 until September 2011, the Company charged its clients mark-ups without their consent. According to the complaint, following a January 31, 2014 article that the Company was fined millions for its hidden fees in the U.K., a December 17, 2015 announcement that the Company incorrectly invoiced approximately $200 million in expenses, a January 27, 2016  announcement that the Company incurred a pre-tax charge for interest on the amounts to be reimbursed in connection with the improper invoices, an April 5, 2016 article regarding the Company’s ex-executives being charged with defrauding clients, and a January 18, 2017 announcement by the U.S. Department of Justice that the Company entered into a deferred prosecution agreement and agreed to pay criminal penalties, the value of State Street shares declined significantly. If you have suffered a loss in excess of $100,000 from investment in State Street securities purchased on or after February 27, 2012 and held through the revelation of negative information during and/or at the end of the Class Period and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentsecuritiescases.html.  You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.  Brower Piven also encourages anyone with information regarding the Company’s conduct during the period in question to contact the firm, including whistleblowers, former employees, shareholders and others. Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.  If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice.  You need take no action at this time to be a member of the class.


NEW YORK, Feb. 20, 2017 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of State Street Corporation securities (NYSE:STT) from February 27, 2012 through January 18, 2017, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for State Street investors under the federal securities laws. To join the State Street class action, go to http://www.rosenlegal.com/cases-1031.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action. NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. According to the lawsuit, throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) State Street engaged in a scheme to defraud a number of its clients by secretly applying commissions to billions of dollars of securities trades; (2) State Street’s billing practices relied on unsustainable methodologies; (3) over a 18-year period, approximately $240 million or more of expenses may have been incorrectly invoiced to State Street’s asset servicing clients; (4) from June 2010 until September 2011, State Street charged clients “substantial” mark-ups without their consent; and (5) as a result, Defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 28, 2017. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-1031.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm. Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.


News Article | February 23, 2017
Site: www.businesswire.com

BOSTON--(BUSINESS WIRE)--State Street Global Advisors, the asset management business of State Street Corporation (NYSE:STT), today announced that it has appointed Cyrus Taraporevala, current Global Head of Product and Marketing, to an expanded role overseeing all client- and consultant-facing, marketing and product functions for institutional clients across the Americas, EMEA and APAC. “At State Street Global Advisors, our aspiration is to be the first investment call for every institution and intermediary,” said Ron O’Hanley, president and chief executive officer of State Street Global Advisors. “In that spirit, in Cyrus’ new role he will be responsible for ensuring we continue to improve and evolve the way we serve our institutional clients and consultants, in all aspects of what we deliver to them: from thought leadership, to distinctive products, to engagement efforts that help them diagnose and solve the complex financial challenges they face.” “We have a great opportunity to leverage the vast scope, expertise, and experience we possess as a result of our privileged client relationships around the world,” said Taraporevala. “I look forward to working with our regional leadership teams to ensure that we are bringing to our clients best practices, while still maintaining important regional market distinctions.” Taraporevala joined State Street Global Advisors in April of 2016. In addition to leading the Global Product and Marketing team, he also led the successful acquisition and integration of GE Asset Management. Prior to joining State Street, Taraporevala worked at Fidelity Investments, where he led the Retail Managed Accounts and Life Insurance & Annuities businesses. Taraporevala has more than 25 years of experience in asset management. Taraporevala joined Fidelity from BNY Mellon Asset Management, where he was Head of North American Distribution, as well as being responsible for Global Marketing. Prior to his roles at BNY Mellon Asset Management and Fidelity, Taraporevala helped to oversee Legg Mason's institutional business, directed business strategy for Citigroup Global Investment Management and was a partner in the Financial Institutions practice of McKinsey & Company. For nearly four decades, State Street Global Advisors has been committed to helping financial professionals and those who rely on them achieve their investment objectives. We partner with institutions and financial professionals to help them reach their goals through a rigorous, research-driven process spanning both active and index disciplines. We take pride in working closely with our clients to develop precise investment strategies, including our pioneering family of SPDR ETFs. With trillions* in assets under management, our scale and global footprint provide access to markets and asset classes, and allow us to deliver expert insights and investment solutions. State Street Global Advisors is the investment management arm of State Street Corporation. *Assets under management were $2.47 trillion as of December 31, 2016. AUM reflects approx. $30.62 billion (as of December 31, 2016) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.


Patent
State Street Corporation | Date: 2015-08-12

A system and method are disclosed for private cloud computing and for the development and deployment of cloud applications in the private cloud. The private cloud computing system and method of the present invention include as components at least a cloud controller, a cloud stack, Service Registry, and a cloud application builder.


Patent
State Street Corporation | Date: 2013-06-19

A system and method are disclosed for private cloud computing and for the development and deployment of cloud applications in the private cloud. The private cloud computing system and method of the present invention include as components at least a cloud controller, a cloud stack, Service Registry, and a cloud application builder.


Multi-dimensional temporal data can provide insight into patterns, trends and correlations. Traditional 2D-charts are widely used to support domain analysts work, but are limited to present large-scale complicated data intuitively and do not allow further exploration to gain insight. A visual analytics system and method which supports interactive analysis of multi-dimensional temporal data, incorporating the idea of a novel visualization method is provided. The system extends the ability of mapping techniques by visualizing domain data based on a 3D geometry enhanced by color, motion and sound. It allows a compact universal overview of large-scale data and drilling down for further exploration. By customizable visualization, it can be adapted to different data models and applied to multiple domains. It helps analysts interact directly with large-scale data, gain insight into the data, and make better decisions.


BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today announced the results of its GX Private Equity Index (PEI), a benchmark for comparative analysis of private equity performance, which includes a comprehensive data set, in some cases dating back to 1980. In the third quarter of 2016, the index saw an overall return of 3.8 percent, with Buyout, Private Debt and Venture Capital each posting positive returns. “Following record years of exit activity in 2014 and 2015, private equity firms are cautiously putting money to work,” said Will Kinlaw, senior managing director and global head of State Street Associates, a division of State Street Global Exchange. “Despite the second half of 2016 representing some of the lowest levels of private equity deal activity, we continue to be encouraged by positive and meaningful gains in returns in all three private equity categories.” The PEI is based on directly sourced limited partnership data and represents more than $2.5 trillion in private equity investments, with more than 2,600 unique private equity partnerships, as of September 30, 2016. “Volatility in the market as a result of 2016 geopolitical events is causing investors to hold off on making bold investment decisions,” said Anthony Catino, managing director, Alternative Investment Solutions for State Street. “Once instability subsides, we anticipate an increase in investor activity.” For additional insights, or to learn more about the GX Private Equity Index please visit http://www.ssgx.com/peindex. About State Street Corporation State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $29 trillion in assets under custody and administration and $2 trillion* in assets under management as of December 31, 2016, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com. *Assets under management for State Street Global Advisors (SSGA) were $2.47 trillion as of December 31, 2016. Assets under management reflects approximately $30.62 billion (as of December 31, 2016) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and SSGA are affiliated. Important Risk Information – Marketing Communication Investing involves risk including the risk of loss of principal. Past performance is no guarantee of future results. Performance of an index is not illustrative of any particular investment. It is not possible to invest directly in an index. This press release is provided for informational purposes only and should not be considered investment advice. Any such views are subject to change at any time based upon market or other conditions and State Street disclaims any responsibility to update such views. Neither State Street nor its affiliates can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Please consult your tax or financial advisor for additional information concerning your specific situation.


NEW YORK, Feb. 20, 2017 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against State Street Corporation (“State Street” or the “Company”) (NYSE:STT) and certain of its officers, on behalf of a class who purchased State Street securities between February 27, 2012 and January 18, 2017, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: http://www.bgandg.com/stt. This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934. The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements and/or failed to disclose that: (1) State Street engaged in a scheme to defraud a number of its clients by secretly applying commissions to billions of dollars of securities trades; (2) State Street’s billing practices relied on unsustainable methodologies; (3) over an 18-year period, roughly $240 million or more of expenses may have been incorrectly invoiced to State Street’s asset servicing clients; (4) from June 2010 until September 2011, State Street charged clients “substantial” mark-ups without their consent; and (5) consequently, Defendants’ public statements were materially false and misleading at all relevant times. On January 18, 2017, the U.S. Department of Justice publicized that State Street entered a deferred prosecution agreement and settled to pay a criminal penalty of $32.3 million to resolve charges that it was involved in a scheme to defraud several of the bank’s clients by secretly applying commissions to billions of dollars of securities trades. State Street 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 admitted the allegations and agreed to a deferred prosecution agreement that requires it to employ an independent corporate compliance monitor for three years. A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm’s site: http://www.bgandg.com/stt or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in State Street you have until March 28, 2017 to request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.


NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of State Street Corporation (“State Street”) (NYSE: STT) between February 27, 2012 and January 18, 2017. You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Central District of California. To get more information go to: or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you. The complaint alleges that throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) State Street engaged in a scheme to defraud a number of its clients by secretly applying commissions to billions of dollars of securities trades; (2) State Street’s billing practices relied on unsustainable methodologies; (3) over a 18-year period, approximately $240 million or more of expenses may have been incorrectly invoiced to State Street’s asset servicing clients; (4) from June 2010 until September 2011, State Street charged clients “substantial” mark-ups without their consent; and (5) as a result, Defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. If you suffered a loss in State Street you have until March 28, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.


NEW YORK, Feb. 17, 2017 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Central District of California on behalf of investors who purchased State Street Corporation (NYSE:STT) securities between February 27, 2012 and January 18, 2017. Click here to learn about the case: http://www.wongesq.com/pslra/state-street-corporation. There is no cost or obligation to you. According to the complaint, throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that: (1) State Street engaged in a scheme to defraud a number of its clients by secretly applying commissions to billions of dollars of securities trades; (2) State Street’s billing practices relied on unsustainable methodologies; (3) over a 18-year period, approximately $240 million or more of expenses may have been incorrectly invoiced to State Street’s asset servicing clients; (4) from June 2010 until September 2011, State Street charged clients “substantial” mark-ups without their consent; and (5) as a result, Defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. If you suffered a loss in State Street you have until March 28, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. To obtain additional information, contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://www.wongesq.com/pslra/state-street-corporation. Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights.  Attorney advertising. Prior results do not guarantee similar outcomes.

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