Class Action Reports

BCS Class Action: Learn About the Barclays Lawsuit

Levi & Korsinsky, LLP

September 30, 2022

Levi & Korsinsky, LLP announces that a BCS class action lawsuit has been filed on behalf of investors who purchased Barclays PLC (BCS) This lawsuit is on behalf of persons who purchased or otherwise acquired Barclays American Depositary Receipts on a U.S. open market between February 18, 2021, and March 25, 2022. For more on the BCS Lawsuit please contact us today.

 

 

 

According to the Barclays lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: a) as of December 31, 2020, and February 18, 2021, Barclays had a material weakness in its internal control environment due to the fact that the over-issuance had occurred and was not immediately identified; and b) they failed to disclose that as of February 18, 2021 (i) Barclays Bank PLC (“BBPLC”) had and was selling unregistered securities in excess of the amounts registered by the August 2019 shelf registration statement, (ii) BBPLC was violating U.S. securities laws and/or the U.S. Securities and Exchange Commission regulations, subjecting Barclays to legal liability, and (iii) BBPLC was required to conduct a rescission offer for those unregistered securities.

 

TO LEARN MORE ABOUT THE BCS CLASS ACTION LAWSUIT, CLICK HERE

 

If you suffered a loss in Barclays you have until November 22, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

 

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CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com