Barclays Dodges Investor Suit Over $2.5B Offering

Law360, Los Angeles (September 13, 2017, 10:19 PM EDT) -- Barclays PLC defeated a long-running securities class action alleging it misled investors before a $2.5 billion notes offering in April 2008 when a New York federal judge ruled Wednesday that the company statements cited by the investors weren’t lies, or were taken out of context.

U.S. District Judge Paul Crotty found that the shareholders were pointing to statements by Barclays and its underwriters, led by Citigroup Inc., that were “not misstatements at all,” or to omissions of information that wouldn’t have actually required disclosure, according to...
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Case Title

In re: Barclays Bank Plc Securities Litigation


Case Number

1:09-cv-01989

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Paul A. Crotty

Date Filed

March 4, 2009

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