South State Corporation shares fall 1.04% intraday after Zelle's parent company sued by New York Attorney General over fraud.

South State Corporation declined 1.04% in intraday trading, with the company's stock price movement potentially influenced by the lawsuit filed against Zelle, a bank transfer app, by New York Attorney General Letitia James. The lawsuit alleges that Zelle's parent company, Early Warning Services, designed the app without critical safety features, allowing scammers to steal over $1 billion between 2017 and 2023. This negative news event could have contributed to the stock's decline.