Update In The Shareholder Lawsuit Against State Street Corporation: SSgA Yield Plus Fund (NASDAQ: SSYPX) Over Subprime Losses - Short Deadline!
Deadline expires on September 2nd, 2008!
There is a deadline coming up in the shareholder lawsuit against State Street Corporation: SSgA Yield Plus Fund (NASDAQ: SSYPX) over subprime losses. The deadline will expire on Setpember 1st, 2008.
If you hold shares of State Street Corporation: SSgA Yield Plus Fund (NASDAQ: SSYPX) you have certain rights and you should immediately contact the Shareholders Foundation, Inc.
Please contact the Shareholders Foundation, Inc. under
Shareholders Foundation, Inc.
3111 Camino del Rio North
– Suite 423 –
San Diego, CA 92108
Fax: +1-(858)-605-5739(Facsimile)
The lawsuit accuses them of making false statements and material omissions in communications pertaining to the sale of shares in one of their funds. The complaint alleges that defendants solicited investors to purchase shares of the Yield Plus Fund by making statements in the Registration Statement and subsequent supplemental prospectuses. They accuse state Street described the “investment objective” of the Yield Plus Fund as investments “primarily in a diversified portfolio” with “high-quality debt securities” that include “high credit quality,” “sophisticated credit analysis” and “team based decision making by experienced investment professionals.”, while these statements were materially false and misleading because State Street Corp. did not adequately disclose the risks associated with investing in the Fund and because the Fund was so heavily invested in high-risk, mortgage-related or mortgage-backed securities. The State Street Corporation manages $2 trillion for pension funds and other institutions. State Street Global Advisors is the investment advisor to the entire group of mutual funds under the State Street name.
If you hold shares of State Street Corporation: SSgA Yield Plus Fund (NASDAQ: SSYPX) you have certain rights and you should immediately contact the Shareholders Foundation, Inc.
Please contact the Shareholders Foundation, Inc. under
Shareholders Foundation, Inc.
Allen Trevor
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554
Fax:+1-(858)-605-5739 Mail@ShareholdersFoundation.com
At Shareholders Foundation, Inc. we represent a large number of shares and shareholders. We are able to use our size to negotiate with significantly greater efficacy than the single investor with investigators, attorneys, and defendants. At Shareholders Foundation, Inc. we believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder by matching shareholder problems with the right legal experts, and finding equitable solutions. Shareholders Foundation, Inc. is comprised of a network of legal experts who both contribute to our vision for the Shareholders Foundation, Inc. and also represent the shareholders in real cases.
