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2nd Circ. Says Barclays Noteholders' Appeal Fails 'Slack' Test

By Jessica Corso ( March 24, 2026, 6:32 PM EDT) -- The Second Circuit on Tuesday upheld the dismissal of a lawsuit accusing Barclays PLC of selling unregistered securities following its loss of well-known seasoned issuer status, saying in a case of first impression that investors couldn't meet a test set out by the U.S. Supreme Court in 2023's Slack decision....

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