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NEW YORK (Reuters) -A U.S. judge ruled on Friday that Barclays must face a proposed class action by shareholders who accused the British bank of securities fraud related to its sale of $17.7 billion more debt than regulators allowed. U.S. District Judge Katherine Polk Failla in Manhattan said shareholders adequately alleged that Barclays' failure to disclose the absence of internal controls that might have caught five years of errant debt sales was a material omission of fact. She also let shareholders try to prove that Barclays and several officials including former CEO Jes Staley were "actionably reckless" in assuring that the bank complied with federal securities laws even as it "blindly" sold the debt.
Barclays was sued this week by investors in its US-listed securities who said the British bank misled them about former Chief Executive Jes Staley's ties to the disgraced financier Jeffrey Epstein.
Barclays is sued over ex-CEO's ties to Jeffrey Epstein streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Barclays Is Sued Over Ex-CEO's Ties to Jeffrey Epstein usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
By Jonathan Stempel (Reuters) - Barclays was sued this week by investors in its U.S.-listed securities who said the British bank misled them about for...
Barclays is sued over ex-CEO's ties to Jeffrey Epstein reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
sex trafficking | The Epoch Times theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
Representatives of the private sector were invited to a dialogue with the chairman and the commissioners of the Philippine Competition Commission (PCC) to discuss areas where cooperation makes sense in achieving the “level playing field” we are all interested in. All participants agreed that a level playing field involves, besides…
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Tele2 AB on Friday backed its full-year and midterm guidance after posting unchanged first-quarter underlying earnings as end-user service-revenue growth and cost savings were offset by inflation pressures.
The Sweden-based telecom company posted a... | 06:10am