This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:State Street Increases Legal Reserve Established in 2007 2009-11-06 07:03 ET - News Release Updates Q3 2009 Reported Results to Reflect Increased Reserve;
Operating Outlook for 2009 Remains Unchanged 
BOSTON -- (Business Wire)
State Street Corporation (NYSE: STT) today announced that it has added
$250 million, as of September 30, 2009, to the reserve it established in
2007 to address legal exposure related to losses incurred by investors
in certain active fixed-income strategies managed by State Street Global
Advisors (SSgA). The Company believes the adjusted reserve should be
sufficient to account for a potential resolution of proceedings by the
Securities and Exchange Commission and other governmental authorities,
and to address ongoing litigation with respect to this matter.
Since 2007, SSgA has made significant changes to its organization,
including establishing new leadership, and has made substantial
investments in its operating platform, including its risk management and
compliance operations.
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