State Street Corp.

Plaintiffs' Personal Injury Law Firm

State Street Corp.

Napoli Bern Ripka, LLP is currently seeking clients who have incurred losses due to mismanagement of funds by State Street Corp. At least five entities have already filed lawsuits against State Street in connection with losses in the company's fixed income strategies, particularly relating to exposure to the mortgage and sub-prime mortgage markets. In anticipation of further litigation, State Street has established a reserve of over $600 million, referencing "customer concerns as to whether the execution of the strategies was consistent with the customers' investment intent." Investors in State Street's Intermediate Bond Fund and Government Credit Bond Fund, among other funds managed by the company, may have been exposed to highly risky investments in mortgage-related debt when they intended to invest in safer debt securities.

Securities litigation of this kind is highly complex. The attorneys at Napoli Bern Ripka have experience litigating hundreds, if not thousands, of cases involving investment losses such as those caused by State Street's mismanagement. We are currently handling numerous similar cases where another asset management firm, Morgan Keegan & Co., made misrepresentations to investors that resulted in losses. If you are an institutional investor, represent an endowment or pension fund, or even if you invested in these funds as an individual, please do not hesitate to contact us today to discuss your potential claim against State Street..