In Re: State Street Bank and Trust Co. Fixed Income Funds Investment Litigation

  1. May 02, 2012

    Judge OKs $6M Deal In State Street Mutual Fund Suit

    A New York federal judge on Wednesday blessed State Street Corp.'s $6.25 million settlement with a putative class of investors who were allegedly duped into investing in a mutual fund tied to the ill-fated subprime mortgage market.

  2. April 01, 2011

    State Street Off Hook In Fund Misrepresentation Suit

    A New York federal judge on Friday shot down a class action complaint over alleged misrepresentations by State Street Corp. in mutual fund documents, in a decision an attorney said could "sharply constrain" similar suits against mutual funds.

  3. March 25, 2011

    State Street Tries To Pare Subprime MDL Suit

    An attorney for State Street Corp. asked a New York federal judge Friday to toss a suit from multidistrict litigation over alleged misrepresentations of a mutual fund's subprime investments, arguing that investor behavior would not have changed with additional prospectus information.

  4. October 30, 2009

    Contested $90M State St. Bank, Pension Plan Deal OK'd

    Pension plan trustees who accused State Street Bank & Trust Co. of gambling their investments on risky subprime mortgage investments have received preliminary approval of an almost $90 million settlement, despite the bank's “novel contention” that the deal might not benefit the plaintiffs.

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