Tag: Barclays

Barclays Hit with Securities Suit Over Disclosures About CEO’s Relationship with Jeffrey Epstein | The D&O Diary

Jeffrey Epstein’s life, misdeeds, and death make for a sordid and scandalous tale. Epstein’s story is the backdrop of a new securities class action lawsuit that has been filed against Barclays, its former CEO, James “Jes” Staley, and certain other company executives, in which the plaintiff alleges that Staley and Barclays misled investors about the relationship Staley had with Epstein…

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Barclays Lost Track of Its Notes – Bloomberg

“Over the course of that day and the next, various BBPLC personnel attempted to calculate the cumulative amount of securities offered and sold from the 2019 Shelf in order to determine the amount of securities that remained available for sale. Over the course of these efforts, it became clear to all involved that there was no internal control in place…

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Judge Scheindlin Approves Class Certification in Barclays High-Frequency Trading Securities Fraud Action | Class Action Lawsuit Defense

U.S. District Judge Shira Scheindlin of the Southern District of New York recently certified a class in Strougo v. Barclays PLC, 14 Civ. 5797 (SAS), (S.D.N.Y. Feb. 2, 2016), a high-profile securities class action based on the “price maintenance” theory. The plaintiffs alleged that Barclays made false or misleading statements by overstating the transparency and safety of Barclay’s “Liquidity Cross,”…

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