INVESTOR ALERT

Barclays PLC Investors with Substantial Losses Have Opportunity to Lead the Barclays Class Action Lawsuit - BCS

Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Barclays PLC (NYSE: BCS) American Depositary Receipts (“ADRs”) on a U.S. open market between February 18, 2021 and March 25, 2022, inclusive (the “Class Period”) have until November 22, 2022 to seek appointment as lead plaintiff in the Barclays class action lawsuit. The Barclays class action lawsuit – captioned City of North Miami Beach Police Officers’ and Firefighters’ Retirement Plan v. Barclays PLC, No. 22-cv-08172 (S.D.N.Y.) – charges Barclays and certain of its top executives with violations of the Securities Exchange Act of 1934.

If you suffered substantial losses and wish to serve as lead plaintiff of the Barclays class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-barclays-plc-class-action-lawsuit-bcs.ht ...

You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at [e-mail].

CASE ALLEGATIONS: The Barclays class action lawsuit alleges that, during the Class Period, Barclays internal controls over financial reporting were not effective, and there was a material weakness in those controls, due to the fact that starting on February 18, 2021, Barclays Bank PLC (“Barclays Bank”), a wholly owned subsidiary of Barclays, issued and sold approximately $17.64 billion in unregistered securities over and above the maximum amount of securities registered in two Barclays Bank shelf registration statements, and the fact that the over- issuance was not immediately discovered. The over-issuance and sale of these unregistered securities was also a violation of U.S. securities laws and/or U.S. Securities and Exchange Commission (“SEC”) regulations, and subjected Barclays to legal liability and claims of rescission.

The Barclays class action lawsuit further alleges that Barclays 2021 quarterly earnings releases and the 2021 Annual Report on Form 20-F, filed with the SEC on February 23, 2022 were also materially false and misleading, or failed to disclose material information because, among other reasons: (i) they failed to disclose the over-issuance, and that Barclays Bank was violating U.S. securities laws and/or SEC regulations, subjecting Barclays to legal liability and claims of rescission; and (ii) as a result, Barclays’ reported litigation and conduct expenses and total operating expenses were understated, and Barclays’ reported net profit was overstated.