Financial Markets Losses: State Street
Some portfolio management services may attempt to defraud investors by providing them with, or utilizing, false financial information to affect the services’ own financial benefit.
Hill v. State Street Corp.
On Jan. 8, 2015, the U.S. District Court for the District of Massachusetts granted final approval of a $60 million settlement between State Street Corporation and its institutional investors. State Street Corporation allegedly defrauded its investors by overcharging them for foreign exchange trades and misled them about the quality of its mortgage-backed securities portfolio.
Motley Rice served as co-lead counsel in this case, Hill v. State Street Corp., No. 1:09-cv-12146-NG (D. Mass.).
If you have questions regarding cases similar to the Hill v. State Street Corp. settlement or if you would like to discuss a potential case, contact securities attorney Bill Narwold by email or call 1.800.768.4026.
*Prior results do not guarantee a similar outcome.