In re: Barclays Bank Plc Secur
Case Number:
17-3293
Court:
Nature of Suit:
3850 STATUTES-Secur Comm Exchange
Companies
Sectors & Industries:
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November 19, 2018
2nd Circ. Affirms Barclays' Win In Suit Over $2.5B Offering
The Second Circuit on Monday affirmed Barclays PLC's 2017 victory in a long-running securities class action over a $2.5 billion notes offering in April 2008, agreeing with the lower court's finding that the bank did not make misstatements or omit information it was legally obligated to disclose.
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April 26, 2018
Don't Revive $2.5B Offering Suit, Barclays Tells 2nd Circ.
Barclays PLC asked the Second Circuit on Wednesday to uphold a lower court's dismissal of a long-running securities class action alleging the bank misled investors before a $2.5 billion notes offering in 2008, saying the decision correctly found the banking giant did not knowingly hide material information from investors.