Skip to Content

State Street Bank & Trust Class Action

On January 11, 2012, we filed a class action lawsuit against State Street Bank and Trust Co., the custodian for plaintiffs’ accounts managed by TAG Virgin Islands Inc., a company controlled by registered investment advisor James Tagliaferri. The complaint alleges that State Street is liable for its breach of contract, gross negligence, unjust enrichment, breach of fiduciary duty, aiding and abetting TAG’s breach of fiduciary duty and aiding and abetting TAG’s fraud. The complaint alleges that State Street’s failures and misconduct caused in excess of $100 million in losses for the plaintiff class members.

If you have questions about or information relevant to this action, please contact our firm at (212) 742-1414 or

Client Reviews

“Jake Zamasky and his colleagues represented me in a FINRA arbitration case against a large multinational bank and succeeded in obtaining an award for the full amount of my investment losses. I would highly recommend the Zamansky firm for their experience in securities litigation, their level of detailed research and case preparation, and their ability to effectively fight for what’s right.”

Richard R.

“Throughout my entire case, Jake Zamansky was incredibly responsive and spent time walking me through each step of the process. He is professional and worked with my challenging schedule, even meeting with me nights and on weekends. He knew exactly which turn to take when it came to my case and yet was respectful of any decisions I wanted to make resulting in a positive outcome.”

Donald A.

“Jake Zamansky and his firm represented me in a FINRA arbitration case to recover investment losses. Jake and his team were very professional and worked very hard preparing for trial and then reaching a substantial settlement of our case. I would highly recommend them.”

William E.

“Jake Zamansky represented me in a FINRA arbitration case which allowed me to recover a substantial portion of investment losses. He is truly an expert in this space and I would highly recommend him to those investors who may have been been a victim of investment fraud.”

Chris K.

“Jake and his team did a great job communicating with me throughout the process of my lawsuit. I would recommend him to anyone looking to sue UBS for unethical practices.”

Mike A.
View More