Reported about 19 hours ago
Barclays recently won the dismissal of two U.S. securities fraud lawsuits related to its unauthorized issuance of $17.7 billion more securities than allowed by regulators. A Manhattan judge ruled that investors could not sue over general assurances made by the bank, and there was no evidence of intent to defraud. This decision follows Barclays' acknowledgment of overissuance and its related settlement with the SEC.
Source: YAHOO