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20 Aug, 2008 10:53 pm
... risks. The lawsuit contends that the Yield Plus Fund create a level of risk that was inappropriate and not in line with the stated investment goals of the Massachusetts company's 401K Plan or the objectives of a traditional money market fund. The complaint contends that ... to liquidate the fund as of May 31, 2008. Related Web Resources: F.W. Webb sues State Street and CitiStreet over alleged misrepresentation, PatriotLedger.com, August 20, 2008 FW Webb Company State Street Corporation CitiStreet
Stock Broker Fraud Blog - http://www.stockbrokerfraudblog.com/
22 Aug 9:05 am by Page Perry LLC
Reuters reports that the State Street Corporation, a financial services holding company, may not have enough money to pay fees and penalties stemming from lawsuits centered on risky investments the firm made. Regulators have alleged that State Street acted improperly by making aggressive bets on subprime mortgages. The company then marketed low-risk fixed-income products to investors, which were instead filled with ...
Investment Fraud Lawyer Blog - http://www.investmentfraudlawyerblog.com/
28 Aug, 2007 11:57 am by DealBook
Bill Gross, Pimco's star bond-fund manager, recently compared the subprime contagion to that whimsical globetrotter Waldo, of "Where's Waldo" fame, popping up in Frankfurt one day and New York the next. On Tuesday, we may have spotted Mr. Gross's red-and-white-stripe-shirted friend in Boston. The evidence: A pair of reports about State Street Corporation, both hinting at [...]
DealBook - http://dealbook.blogs.nytimes.com
20 Jan 9:57 am by By DealBook
The State Street Corporation, the mutual fund giant and institutional money manager, on Tuesday became the latest financial institution to come under pressure after reporting substantial losses on bonds and other investments, The New York Times's Zachery Kouwe reports. Shares of the Boston-based company declined by almost half on Tuesday as investors worried the company may [...]
DealBook - http://dealbook.blogs.nytimes.com
7 Jan, 2008 2:54 pm
... Unisystems Employees' Profit Sharing Plan. Another was brought on October 24 by the Composite Pension Trust of Nashua Corporation. The third was brought on October 31 by the plan administrator and the trustee of the Employees' Savings and Profit Sharing ... defendants removed the Memorial Hermann case to Federal Court in the Southern District of Texas. The petition alleges that the State Street defendants breached an "Agreement of Trust" to serve as trustee of nearly $91 million in the plaintiff's ...
Stock Broker Fraud Blog - http://www.stockbrokerfraudblog.com/
3 Oct, 2007 7:57 am by Jim
... held by 28,000 individuals in 165 retirement plans it markets. These accounts held funds that were managed by State Street, of course a Boston bank and money manager. Prudential, a big insurer, has said that it will ... that would provide "stable, predictable returns" in line with an index of U.S. government and corporate bonds. What happened? Instead of that, the lawsuit alleges that State Street changed its investment strategy over the summer without notification and devoted a large portion of ...
FinancialCounsel - http://financialcounsel.typepad.com/financialcounsel/
... held by 28,000 individuals in 165 retirement plans it markets. These accounts held funds that were managed by State Street, of course a Boston bank and money manager. Prudential, a big insurer, has said that it will ... that would provide "stable, predictable returns" in line with an index of U.S. government and corporate bonds. What happened? Instead of that, the lawsuit alleges that State Street changed its investment strategy over the summer without notification and devoted a large portion of ...
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FinancialCounsel - http://financialcounsel.typepad.com/financialcounsel/
19 Feb, 2004 6:52 am by Amit Patel
In Thursday's corporations and securities law news, the NASD has fined a division of mutual fund company State Street $1 million for failing to stop improper trading in some of its mutual funds and also ordered $500,000 worth of restitution to some investors. Read the NASD press release here. Read the State Street press release here. The Street.com has more.... As reported earlier on
JURIST - Paper Chase - http://jurist.law.pitt.edu/paperchase/
... claim filed at FINRA. Regarding the ultra-short bond fund Shwab YieldPlus, Morningstar states that the fund's sizeable loss in recent months is certainly shocking as ultra short-term ... credit risk than his category peers and kept the portfolio heavily invested in corporate and nonagency mortgage bonds, with a small exposure to subprime-backed bonds. These ... , such as Fidelity Ultra-Short Bond Fund and SSgA Yield Plus from State Street Global Advisors have been hurt in recent months as well, yet weren ...
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FinancialCounsel - http://financialcounsel.typepad.com/financialcounsel/
29 Jun 1:38 pm by By DealBook
The State Street Corporation, an asset management and servicing company, said Monday that it might face civil charges by securities regulators for exposing investors to losses on subprime mortgages.
DealBook - http://dealbook.blogs.nytimes.com
10 Mar, 2008 1:50 pm by Ron (mailto:ron@prismlegal.com)
A long knowledge management article appears today in the The Wall Street Journal. Putting Ideas to Work (10 March 2008, p. R11, $)) by Thomas H. Davenport, Laurence Prusak and Bruce Strong is subtitled "Knowledge management can make ... thread they seem to see. I've frequently written about legal KM morphing into practice support. As I read this article, it suggests that corporate KM is being absorbed by the building blocks of other functions. Sounds like a similar theme to me, only one that is not ...
Strategic Legal Technology - http://www.prismlegal.com/wordpress/index.php
23 Dec, 2007 12:12 am by Ann Althouse
I'll bet your mom is buying you presents right now. Isn't she ignorant? The sheep. Doing what the corporations have trained her to do. She doesn't know what real emotion is. Unlike you. Thanks for you chalky wisdom.
Althouse - http://althouse.blogspot.com
8 Dec, 2007 2:02 am by Litwak
... Hawaii income tax liability only. The credit can be taken by individuals and corporations paying Hawaii income tax, and by banks and insurance companies against ... .org/ Peg Owens, Marketing Specialist Idaho Film Bureau 700 W. State Street Box 83720 Boise, Idaho 83720-0093 Phone: 800-942- ... utilize filmed projects to showcase Virginia's significant contributions to the history of the United States. To qualify, projects must be from an established company with a proven track record of production, have ...
Entertainment Law Resources Blog - http://marklitwak.blogspot.com/
30 Jun, 2008 3:54 pm
... of power to individual sovereigns. Individuals vote, that is virtually all that is left to them (other than taking to the streets form time to time). Power is wielded by the few, who govern either as elected officials or speak as aggregations ... a great advance in efficient control of populations (populations ostensibly charged with controlling those who serve them within the state or corporate apparatus and thus the great perversity of the system)). Monitoring provides a means to coerce behavior ...
Law at the End of the Day - http://lcbackerblog.blogspot.com
8 May, 2007 11:19 am
... Spitzer of New York exposed a shocking level of crime and fraud on Wall Street, corporations and securities firms stepped up their campaign to gut state securities laws and the powers of state regulators. These special interests ... neither the NASDAQ nor the SEC has demonstrated its capability and/or desire to regulate the securities markets earnestly or tirelessly as state regulators. The SEC release approving increased listing standards for the Nasdaq Capital Market is posted at http://www.sec. ...
Stock Broker Fraud Blog - http://www.stockbrokerfraudblog.com/
3 Nov, 2008 3:41 pm by Peter Rost
... class in the United States that have the power to define the laws under which they live. The mafia, no. The gangstas, no. The street thugs, no. But the corporate criminal ... exchange for a promise from prosecutors not to touch the company or high-level executives. For every corporation convicted of bribery or of giving money directly to a public official in violation of federal law ... crime and violence. If you want to report street crime and violence, call 911. But what number do you call if you want ...
THE PHARMA LAW BLOG - http://peterrost.blogspot.com/
29 Jan 2:10 pm by Peter Rost
... class in the United States that have the power to define the laws under which they live. The mafia, no. The gangstas, no. The street thugs, no. But the corporate criminal ... exchange for a promise from prosecutors not to touch the company or high-level executives. For every corporation convicted of bribery or of giving money directly to a public official in violation of federal law ... crime and violence. If you want to report street crime and violence, call 911. But what number do you call if you want ...
THE PHARMA LAW BLOG - http://peterrost.blogspot.com/
18 Aug 8:59 am by cen
... his blog in August of 2008 an open letter to Google staff in Japan, urging them to explain to their partners in the United States that Street View demonstrates a lack of understanding of some important aspects of daily life in Japan. Osamu urged Google to ... of Japan gives rise to this important social norm - one that might be invisible to Google's engineers and corporate leaders who are likely to have limited experience in the older sections of urban Japan. But that sense of the asymmetry of the ...
IP Notiz - http://www.ip-notiz.de
19 Jun, 2007 5:34 am
... far more damage on society than all street crime combined. Whether in bodies or injuries or dollars lost, corporate crime and violence wins by a landslide. The FBI ... 16 Beware of consumer groups or other public interest groups who make nice with corporations. There are now probably more fake public interest groups than actual ... Canada. Number 4 The Justice Department needs to start publishing an annual Corporate Crime in the United States report. Every year, the Justice Department puts out an annual ...
Tags: Due, Diligence
Psychology of Compliance & Due Diligence Law - http://www.bizop.ca/blog2/
27 Sep, 2008 1:28 pm by Rob Sachs
... the street to claim that territory in order to rebuke the excesses of "Wall Street." The problem is, John McCain and the corporate interests that are backing him, need to stop and ask directions before they can even find Main Street. Let's define our metaphor for starters. "Main Street" is ... decision to enter a skilled nursing facility or to place a loved one in such a facility. The United States Senate's Judiciary Committee reported a new bill out of committee for consideration by the ...
Shrager, Spivey & Sachs Legal Blog - http://www.shragerlaw.com/blog
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