Labaton Sucharow, a nationally ranked and award-winning shareholder rights law firm, announces that it is investigating whether Barclays PLC ("Barclays" or the "Company") (NYSE:BCS) and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On March 28, 2022, Reuters published an article entitled, "Barclays faces $590 million hit, scrutiny over sales slip-up." The article stated that, "British bank Barclays faces an estimated 450 million pound ($592 million) loss and regulatory scrutiny for exceeding a U.S. limit on sales of structured products, some of which have surged in popularity since Russia's invasion of Ukraine." In addition, the article revealed that, "Barclays [. . .] also said on Monday that it will have to delay a planned 1 billion pound share buyback as of the loss, which it will have to incur as a result of buying back the securities in question at their original purchase price."
On this news, the Company's stock price fell sharply during intraday trading on March 28, 2022, damaging investors.
If you currently own stock or options in Barclays PLC and suffered a loss, click here to participate.
If you want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476 or via email at david@labaton.com.
About the Firm
Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, corporate governance and shareholder rights, consumer, and cybersecurity and data privacy litigation, as well as whistleblower representation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at labaton.com.
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Contacts
David J. Schwartz
(800) 321-0476
david@labaton.com
