Judge Releases Barclays From Criminal Sanctions Case

Law360, New York (December 4, 2012, 8:45 PM EST) -- A New York federal judge on Tuesday dismissed Barclays PLC from a criminal case alleging it facilitated transactions for banks in Cuba, Iran and other countries in violation of U.S. sanctions, two years after the bank forked over $298 million to settle the case.

U.S. District Judge Emmet G. Sullivan’s dismissal comes two years after Barclays agreed to a deferred prosecution agreement under which the bank voluntarily cooperated with U.S. Department of Justice investigators over the allegations that it violated the International Emergency Economic Powers Act and Trading With The Enemy Act.

The deal stipulated that Barclays would be tossed from...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Government Agencies