Judge Tosses Interest Rate Misselling Suit Against Barclays

Law360, London (March 31, 2021, 3:11 PM BST) -- A judge has thrown out a lawsuit brought by two property development companies against Barclays over alleged losses from interest rate hedging products, ruling on Wednesday that the claim was "speculative" and "opportunistic."

The High Court has granted an application by Barclays to have the claim brought against it by two property development companies struck out. (AP) Leigh-Ann Mulcahy QC, sitting as a judge of the High Court, has granted an application by Barclays Bank PLC to have the claim against it brought by Elite Property Holdings Ltd. and Decolace Properties Ltd. struck out.

Judge Mulcahy said the action was an abuse...

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