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Notice to All Investors of State Street’s SSgA Yield Plus Fund From the Securities Law Firm of Klayman & Toskes


Klayman & Toskes

2008-07-15 12:55:00

Notice to All Investors of State Street’s SSgA Yield Plus Fund From the Securities Law Firm of Klayman & Toskes

NEW YORK, NY–(EMWNews – July 15, 2008) – The Securities Law Firm of Klayman & Toskes,, announced today that a class action lawsuit has been

filed on behalf of purchasers of State Street Corporations’s (NYSE: STT)

SSgA Yield Plus Fund (NASDAQ: SSYPX). The class action lawsuit was filed in

the United States District Court for the District of Massachusetts. State

Street Global Advisors (“SSgA”) is the investment advisor to an entire

group of mutual funds under the State Street name.

According to the Complaint, State Street solicited investors to purchase

shares of the SSgA Yield Plus Fund by representing that the Fund was

“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.”

However, it appears that these statements may have been misleading because

State Street did not disclose all of the risks associated with investing in

the Fund, including the fact that the Fund was heavily invested in risky

mortgage-backed or mortgage-related securities.

By June 11, 2007, State Street began lowering the value of the share price

of the SSgA Yield Plus Fund. In the months to follow, the value of the SSgA

Yield Plus Fund had significantly declined. As of December 12, 2007, the

share price of the SSgA Yield Plus Fund had been lowered to about $8.00.

Further, as of May 31, 2008, the SSgA Yield Plus Fund was valued at $6.60

per share.

The attorneys at the Law Firm of Klayman & Toskes are dedicated to

aggressively pursuing claims on behalf of investors who have suffered

losses in the SSgA Yield Plus, and as a result of the credit crisis and

subprime fallout as a whole. Klayman & Toskes, an experienced, qualified

and nationally recognized securities litigation law firm, practices

exclusively in the field of securities arbitration and litigation. It

continues its representation of investors throughout the world in

securities arbitration and litigation matters against major Wall Street

brokerage firms.

No class has yet been certified in the class action discussed above. Until

a class is certified, you are not represented by counsel unless you retain

one. If you purchased shares of the SSgA Yield Plus Fund you have certain

rights. To be a member of the class you need not take any action at this

time, and you may retain counsel of your choice. If you want to discuss

your legal options at no obligation, including whether the filing of an

individual arbitration claim is right for you, please contact Steven D.

Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at

888-997-9956, or visit us on the web at


Nasdaq: SSYPX

Steven D. Toskes, Esquire
Jahan K. Manasseh, Esquire
Klayman & Toskes, P.A.

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