Ex-Barclays CEO Will Give Evidence In £1B Civil Fraud Suit

Law360, London (March 12, 2020, 8:10 PM GMT) -- Two former Barclays executives who were acquitted of fraud charges over its emergency fundraising during the financial crisis will be cross-examined as part of a private equity firm’s English lawsuit seeking £1 billion ($1.3 billion) from the bank over similar accusations.

PCP Capital Partners, which is led by British private equity magnate Amanda Staveley, is suing Barclays over allegations that the bank dishonestly misled the firm while raising billions of dollars from investors during the 2008 financial crisis.

Ex-chief executive John Varley and Roger Jenkins, who was Barclays’ former head of Middle East investment, will give evidence along with a dozen...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!