October 2, 2007
State Street Sued Over Subprime Losses
Prudential Financial is suing State Street because of $80 million in losses in two State Street funds caused by "undisclosed, highly leveraged" investments including subprime mortgages. Prudential says the losses were in accounts held by 28,000 individuals in 165 retirement plans that it markets. WSJ, Prudential Sues State Street Over Losses.
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Any updates here?
Posted by: Dave Nash | May 27, 2008 11:58:29 AM