Shareholders Add Serco Ex-Director To £128M Fraud Suit

By Silvia Martelli (June 17, 2022, 3:14 PM BST) -- Security outsourcer Serco shareholders have added one more former executive to its £128 million ($157 million at today's prices) lawsuit for allegedly misleading investors about government contracts that led to a fraud scandal.

Allianz Global Investors GmbH and Aviva Life & Pensions UK Ltd., as well as dozens of other shareholders, accuse former Serco Group PLC executive Clive Barton in a June 7 High Court amended of particulars claim, which has recently been made public, of knowing of or ignoring the fraud.

Barton, along with four executives previously named in the suit, knew that Serco repeatedly published misleading or false statements...

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?
Ask a question!