Barclays PLC
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
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CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
On November 1, 2023, a complaint was filed against the Company and certain of its former and current officers. The complaint alleged that during the Class Period, the defendants engaged in deceptive practices by either making false and/or misleading statements or failing to disclose critical information. These alleged omissions and misrepresentations included the following points:
- Contrary to public statements, Jes Staley had a close relationship with Jeffrey Epstein.
- Staley was reportedly aware of Jeffrey Epstein’s criminal activities and may have even sexually assaulted a victim who had previously been trafficked by Jeffrey Epstein.
- Staley’s personal relationship with Jeffrey Epstein and the potential criminal implications of this association could potentially harm Barclays in terms of its reputation, legal issues, and financial stability.
- Consequently, Barclays’ response to the FCA’s inquiry about Staley’s ties to Epstein was materially inaccurate.
- Despite becoming aware of information contradicting their initial response to the FCA’s inquiry, Barclays failed to update the response to reflect accuracy or take any meaningful action.
- As a result, the statements made by the Defendants regarding Barclays’ business, operations, and prospects were materially false, misleading, and/or lacked a reasonable basis throughout the relevant period.
When investors eventually learned the truth, Barclays’ common stock experienced a sharp and sudden decline, resulting in significant financial losses for investors.
