2009-12-19 14:54:12 -

Notice is hereby given that Glancy Binkow & Goldberg LLP has filed a class action lawsuit in the United States District Court for the District of Massachusetts on behalf of a class consisting of all persons or entities who purchased the securities of State Street Corporation (“State Street” or the “Company”) (NYSE:STT) between October 17, 2006 and October 19, 2009, inclusive (the “Class Period”).

A copy of the Complaint is available from the court or from Glancy Binkow & Goldberg LLP. Please contact us by phone to discuss this action or to obtain a copy of the Complaint at (310) 201-9150 or Toll Free at (888) 773-9224, by email at shareholders@glancylaw.com : mailto:shareholders@glancylaw.com , or visit our website at

www.glancylaw.com : .

The Complaint charges State Street and certain of the Company’s executive officers with violations of federal securities laws. State Street is a provider of financial services to institutional investors including investment servicing, investment management, and investment research and trading. The Complaint alleges that throughout the Class Period defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations and prospects. Specifically, defendants made false and/or misleading statements and/or failed to disclose: (1) that the Company set up a scheme to substantially mark up foreign currency trades; (2) that such scheme caused State Street’s clients to overpay for such trades; (3) that the scheme allowed the Company to reap illegal profits; (4) that, as a result, the Company’s financial results were materially inflated; (5) that the Company's financial results were not prepared in accordance with Generally Accepted Accounting Principles ("GAAP"); and (6), that the Company lacked adequate internal and financial controls.

On October 20, 2009, California Attorney General Edmund G. Brown Jr., announced that he had filed suit against State Street alleging the Company committed “unconscionable fraud” against California's two largest pension funds – California Public Employees’ Retirement System (“CalPERS”) and California State Teachers’ Retirement System (“CalSTRS”) – and “illegally overcharged CalPERS and CalSTRS for the costs of executing foreign currency trades since 2001.”


On this news, shares of State Street declined $4.41 per share, nearly 8.5%, to close on October 20, 2009, at $47.84 per share, on unusually heavy volume.

Plaintiff seeks to recover damages on behalf of class members and is represented by Glancy Binkow & Goldberg LLP, a law firm with significant experience in prosecuting class actions, and substantial expertise in actions involving corporate fraud.

If you are a member of the class described above, you may move the Court, no later than February 17, 2010, to serve as lead plaintiff, however, you must meet certain legal requirements. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, or Richard A. Maniskas, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224, by e-mail to shareholders@glancylaw.com : mailto:shareholders@glancylaw.com , or visit our website at www.glancylaw.com : .



Glancy Binkow & Goldberg LLP, Los Angeles, CAMichael GoldbergRichard

A. Maniskas(310) 201-9150 or (888) 773-9224 shareholders@glancylaw.com : mailto:shareholders@glancylaw.com