BOSTON, July 24, 2008 (PRIME NEWSWIRE) -- The Securities Law Firm of Shepherd Smith Edwards & Kantas LLP, www.sseklaw.com, is currently investigating claims on behalf of purchasers of State Street Corporation's (NYSE:STT) SSgA Yield Plus Fund (Nasdaq:SSYPX). Recent class actions have been filed alleging, in general, violations of the Federal Securities laws. SSgA Yield Plus Fund was promoted, for the most part, as a diversified portfolio with "high-quality debt securities" and "high credit quality," and further touted a "sophisticated credit analysis" and "team-based decision making by experienced investment professionals." As it turns out, the Fund was heavily invested in risky mortgage-backed or mortgage-related securities. Though a class action may be the most viable option for some, depending on the circumstances, individual suits or claims may make more sense for others. If you would like more information, please contact our law firm to discuss your options.
Shepherd Smith Edwards & Kantas LLP has a team of attorneys, consultants and others with more than 100 years of combined experience in the securities industry and in securities law. Since 1990, we have represented thousands of investors nationwide to recover losses. We have represented clients in Federal and state courts and in arbitration through the Financial Industry Regulatory Authority (FINRA), the New York Stock Exchange Inc. (NYSE), the American Arbitration Association (AAA) and in private arbitration actions. Collectively, we have represented over 1,000 investors over the last 18 years and our clients have recovered more than $100 million through our assistance in negotiation, mediation, arbitration and litigation.