The State Street Corporation set aside $618 million to cover legal claims related to losses from mortgage security investments after five clients sued it, the New York Times writes.

The clients said they lost tens of millions of dollars in State Street funds that they were told were be invested in low-risk debt like Treasuries and corporate bonds. The lawsuit asserts that State Street changed their strategy and invested the money in subprime mortgages and related derivative contracts, but did not tell investors.

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