BOULDER, Colo., Aug. 21, 2008 (GLOBE NEWSWIRE) -- Advertising Material -- The Shuman Law Firm today encouraged persons who currently own the common stock of State Street Corporation ("State Street") (NYSE:STT) to consider their legal options regarding possible improprieties relating to the investment and marketing of certain of its bond funds.
If you currently own State Street common stock and would like a free consultation concerning your rights and interests, please contact Kip Shuman, Esq. or Rusty Glenn, Esq. toll-free at 866-974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.
It is alleged that State Street, and its affiliated companies, sold and marketed certain purportedly conservative, risk adverse bond funds. These funds were actually invested in high-risk mortgage backed securities and other exotic financial instruments. As a result of these investments, certain bond funds which were supposed to track a well-defined index of investment grade U.S. Government and corporate bonds lost up to 40% of their value when the market for mortgage-backed securities collapsed in August 2007.
The Shuman Law Firm has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions.
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