Case Summary

Barclays PLC

NASDAQ: BCS

Case Details

  • Merritt v. Barclays PLC, et al.
  • Class Period:July 22, 2019 - October 12, 2023
  • Date Filed:November 01, 2023
  • Jurisdiction:U.S. District Court, Central District of California
  • Docket Number: 2:23-cv-09217
  • Lead Plaintiff Deadline: January 2, 2024
Days Left to
Seek Plaintiff
29

Overview

A class action lawsuit, captioned Merritt v. Barclays PLC, et al. has been filed against Barclays PLC (“Barclays” or the “Company”) (NASDAQ: BCS), and certain of the Company’s top executive officers alleging that they violated the federal securities laws.  The lawsuit seeks to represent all persons and entities who purchased or otherwise acquired publicly traded Barclays securities between July 22, 2019, and October 12, 2023, inclusive (the “Class Period”).

Barclays is a British universal bank.

ALLEGATIONS

According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Contrary to his false public assertions, Jes Staley had a very close relationship with Jeffrey Epstein; (2) 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; (3) Staley’s close, personal relationship with Jeffrey Epstein, and potential criminal activity, if discovered, could bring reputational, legal, and financial harm to Barclays; (4) as a result, Barclays response to the FCA’s inquiry regarding Staley’s relationship with Epstein was materially false; (5) Barclays, having become aware of information contradicting its response to the FCA’s inquiry, then failed to update the response so that it would be accurate, or otherwise take any meaningful action; and (6) that as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times. When the true details entered the market, the lawsuit claims that investors suffered damages.

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If you purchased or otherwise acquired publicly traded Barclays securities between July 22, 2019 and October 12, 2023, inclusive, and suffered substantial losses, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the Barclays PLC lawsuit is January 02, 2024.

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