SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of State Street Corporation (STT)
NEW YORK, Jan. 20, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of State Street Corporation ("State Street" or the "Company") (NYSE: STT). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/stt.
The investigation concerns whether State Street and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On January 18, 2017, the U.S. Department of Justice publicized that State Street entered into 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.
If you are aware of any facts relating to this investigation, or purchased OneMain shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/omf. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
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.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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