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2nd Circ. Affirms Barclays' Win In Suit Over $2.5B Offering

Law360 (November 19, 2018, 6:08 PM EST) -- 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.

A three-judge appellate panel has affirmed Barclays PLC's victory in a securities class action over a $2.5 billion notes offering, dismissing claims the bank hid its exposure to billions of dollars in risky assets. (AP) The three-judge appellate panel was not swayed by investor Dennis Askelson's contentions that Barclays hid its exposure to billions...

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Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Appellate - 2nd Circuit

Nature of Suit

3850 STATUTES-Secur Comm Exchange

Date Filed

October 16, 2017

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