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Broker Asks 9th Circ. To Revive Barclays Dark Pool Suit

Law360, New York (August 16, 2017, 6:41 PM EDT) -- Broker-dealer Great Pacific Securities asked the Ninth Circuit on Monday to revive a proposed class action alleging Barclays Capital Inc. misled its traditional customers about their exposure to high-frequency traders in its dark pool, saying the complaint had enough to show firms relied on Barclays’ ads about the pool.

Great Pacific argued that contrary to U.S. District Judge Dale S. Fischer’s findings, it had adequately alleged that it and other potential class members relied on statements made by Barclays Capital and parent Barclays PLC and that...
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