State Street Corporation

The Law Offices of Howard G. Smith is investigating whether State Street Corporation (NYSE: STT) breached its fiduciary duty to its employees who were invested in its 401(k) Savings Plan or its Employee Stock Ownership Plan by steering its employees to invest their retirement savings in State Street stock when the Company knew that doing so was a bad investment.

Specifically, the Law Offices of Howard G. Smith believes that the Company steered its employees to invest their retirement savings in Company stock despite knowing, among other things, that the Company was defrauding its customers by overcharging them on their foreign currency trades. The Company knew that when its fraud was inevitably exposed its share price would drop.

When the Attorney General of California sued the Company for defrauding two state pension funds, the market realized the Company's fraud and the Company's share price immediately dropped 8.5%.

The Law Offices of Howard G. Smith believes that the Company acted unfairly towards its employees and seeks to recover the money that they have lost on their 401(k) Savings Plan and Employee Stock Ownership Plan. If you were an employee of State Street Corporation (NYSE: STT) and are invested in the Company’s 401(k) Savings Plan or its Employee Stock Ownership Plan, please call the Law Offices of Howard G. Smith and speak to Mr. Smith directly regarding how he can help you, or complete the online questionnaire and Mr. Smith will promptly call you.