INVESTOR ALERT

Barclays PLC Investors with Substantial Losses Have Opportunity to Lead the Barclays Class Action Lawsuit - BCS - Seite 2

On March 28, 2022, Barclays announced the over-issuance for the first time, that Barclays Bank had issued approximately $15.2 billion in unregistered securities under an August 2019 shelf registration statement, that Barclays Bank would commence a rescission offer for those unregistered securities, and that Barclays expected the rescission losses to be c.£450m. On this news, the price of Barclays ADRs declined by more than 10%.

Then, on July 28, 2022, Barclays announced for the first time that Barclays Bank had also over-issued unregistered securities under a second Barclays Bank shelf registration statement. Barclays also informed investors that Barclays had provisioned “£1,592m [approximately $1.940 billion] (December 2021: £220m) related to the over-issuance of structured notes and £165m [approximately $201 million] (December 2021: nil) related to liabilities that could be incurred arising out of ongoing discussions in respect of a potential SEC resolution.” On this news, the price of Barclays ADRs declined an additional 5.2%, further damaging investors.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Barclays ADRs on a U.S. open market during the Class Period to seek appointment as lead plaintiff. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Barclays class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Barclays class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Barclays class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller is one of the world’s leading complex class action firms representing plaintiffs in securities fraud cases. The Firm is ranked #1 on the 2021 ISS Securities Class Action Services Top 50 Report for recovering nearly $2 billion for investors last year alone – more than triple the amount recovered by any other plaintiffs’ firm. With 200 lawyers in 9 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

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View source version on businesswire.com: https://www.businesswire.com/news/home/20220926005802/en/

The Barclays Stock at the time of publication of the news with a fall of -2,37 % to 7,20USD on Tradegate stock exchange (26. September 2022, 22:26 Uhr).