SOURCE: Holzer Holzer & Fistel, LLC

July 11, 2008 11:31 ET

Holzer Holzer & Fistel, LLC Announces That It Has Filed a Shareholder Class Action on Behalf of Purchasers of SSgA Yield Plus Fund (NASDAQ: SSYPX)

ATLANTA, GA--(Marketwire - July 11, 2008) - A shareholder class action lawsuit has been filed in the United States District Court for the District of Massachusetts against State Street Corporation (NYSE: STT) and others on behalf of purchasers of the SSgA Yield Plus Fund (NASDAQ: SSYPX) (the "Yield Plus Fund" or the "Fund") who purchased shares of the Fund within the three years that preceded the filing of this lawsuit (the "Class"). The complaint seeks remedies for shareholders under the federal Securities Act of 1933.

If you are a purchaser of Yield Plus Fund shares during the Class Period, you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made on or before September 2, 2008. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you are a Yield Plus Fund investor and would like to discuss a potential lead plaintiff appointment, or your rights and interests with respect to the lawsuit, you may contact Michael I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at, or, or via toll-free telephone at (888) 508-6832.

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 that described the "investment objective" of the SSgA 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." As alleged in the complaint, these statements were materially false and misleading because defendants did not adequately disclose the risks associated with investing in the Fund, including, for example, that the Fund was so heavily invested in high-risk mortgage-related or mortgage-backed securities.

Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, and upon request from the firm.