Reuters logo
BRIEF-State Street settles shareholder lawsuit over foreign exchange services for $60 million
July 9, 2014 / 2:30 PM / in 3 years

BRIEF-State Street settles shareholder lawsuit over foreign exchange services for $60 million

July 9 (Reuters) - State Street Corp : * Other defendants reach $60 million settlement of shareholder lawsuit related

to foreign exchange services -- court filing * Lawsuit accused State Street of artificially inflating foreign exchange

revenue by overcharging clients for foreign exchange services * Lawsuit also accused State Street of falsely stating it invested only in

‘high quality’ assets in its investment portfolio and in off-balance-sheet

‘conduits’ * Settlement requires approval by federal judge in Boston

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below