Defendant Name:
State Street Bank and Trust Company
Defendant Type:
Subsidiary of Public Company
Document Reference:
LR-21408
Document Details
Legal Case Name
SEC v. State Street Bank and Trust Company
Document Name
SEC Charges State Street for Misleading investors About Subprime Mortgage Investments
Document Date
04-Feb-2010
Document Format
Civil Proceeding
Case Number
10-cv-10172
Federal District Court
Massachusetts, District of Massachusetts
Allegation Type
Securities Offering
Document Summary
On February 4, 2010, the SEC announced in a Litigation Release that it: "filed a settled civil action charging Massachusetts-based State Street Bank and Trust Company ('State Street') with securities law violations for misleading investors during the subprime mortgage crisis in 2007 about the extent of subprime mortgage-backed securities held in certain funds under its management, and then selectively disclosing more complete information about subprime investments to certain investors."
Disgorgement & Penalty Information
Resolutions
Compliance Related Independent Consultant
Various undertakings
Fair Funds