{"id":3474,"date":"2009-10-20T17:25:18","date_gmt":"2009-10-20T21:25:18","guid":{"rendered":"http:\/\/blogs-devl.bu.edu\/bunow\/?p=3474"},"modified":"2009-11-02T15:17:12","modified_gmt":"2009-11-02T19:17:12","slug":"california-sues-state-street","status":"publish","type":"post","link":"https:\/\/blogs-devl.bu.edu\/bunow\/2009\/10\/20\/california-sues-state-street\/","title":{"rendered":"California sues State Street"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignleft size-full wp-image-3593\" src=\"http:\/\/blogs-devl.bu.edu\/bunow\/files\/2009\/10\/state.jpg\" alt=\"state\" width=\"218\" height=\"194\" \/>Boston-based State Street Corporation has been <a title=\"sued\" href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=aNziews6pA74\" target=\"_blank\">sued<\/a> by the California attorney general for &#8220;unconscionable fraud&#8221; against that state&#8217;s largest public-worker pension funds.\u00a0 Law Professor <a title=\"Tamar Frankel\" href=\"http:\/\/www.bu.edu\/law\/faculty\/profiles\/bios\/full-time\/frankel_t.html\" target=\"_blank\">Tamar Frankel<\/a>, an authority on securities law and author of &#8220;<em>Trust and Honesty: America&#8217;s Business Culture at a Crossroad<\/em>,&#8221; says the big questions are how will State Street act in the future.<\/p>\n<p><em>&#8220;Will State Street try to change the way it does business and settle for lower profits and lower executive compensation and lower share prices?\u00a0 Or will there be another way in which the management will try to make up the shortfall?&#8221;<\/em><\/p>\n<p>Contact Tamar Frankel, 617-353-3773, <a href=\"mailto:tfrankel@bu.edu\">tfrankel@bu.edu<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston-based State Street Corporation has been sued by the California attorney general for &#8220;unconscionable fraud&#8221; against that state&#8217;s largest public-worker pension funds.\u00a0 Law Professor Tamar Frankel, an authority on securities law and author of &#8220;Trust and Honesty: America&#8217;s Business Culture at a Crossroad,&#8221; says the big questions are how will State Street act in the [&hellip;]<\/p>\n","protected":false},"author":114,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[482,81,1920],"_links":{"self":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3474"}],"collection":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/comments?post=3474"}],"version-history":[{"count":4,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3474\/revisions"}],"predecessor-version":[{"id":3592,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/posts\/3474\/revisions\/3592"}],"wp:attachment":[{"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/media?parent=3474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/categories?post=3474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs-devl.bu.edu\/bunow\/wp-json\/wp\/v2\/tags?post=3474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}