Law Offices of Howard G. Smith Announces Investigation on Behalf of Current & Former Employees of State Street Corp. Who Inve...
January 21 2010 - 8:15PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against State Street Corporation
(“State Street” or the “Company”) (NYSE:STT) concerning whether the
State Street 401(k) Savings Plan or the Employee Stock Ownership
Plan (collectively, the “Plans”) imprudently invested in State
Street stock and whether the Plans’ administrators breached their
fiduciary duties to the Plans’ participants in violation of the
Employee Retirement Income Security Act of 1974 (ERISA).
The investigation concerns whether State Street and other
administrators of the Plans failed to prudently and loyally manage
the Plans’ investments in State Street stock by continuing to offer
Company stock when the stock was no longer a prudent investment for
participants’ retirement savings.
If you are a current or former employee who participated in, or
continues to participate in, the State Street 401(k) Savings Plan
or the Employee Stock Ownership Plan and have information or would
like to learn more about these claims, please contact Howard Smith,
Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215)
638-4847, Toll-Free at (888) 638-4847, by email to howardsmith@howardsmithlaw.com or visit
our website at www.howardsmithlaw.com.
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