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BCS.US
id: 310, Created by Stan Vick Chase, Scout
Barclays PLC ADR
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
On March 28, 2022, Barclays for the first time disclosed to investors that:
- had issued approximately $15.2 billion in unregistered securities in excess of the maximum amount of securities registered in an August 2019 shelf registration statement,
- BBPLC would commence a rescission offer for those unregistered securities,
- Barclays expected the rescission losses to be c.£450m (approximately $589.5 million).
On this news, the price of Barclays ADRs declined over 10% on March 28, 2022, seriously damaging investors.
Further, on July 28, 2022, the Company announced that:
- BBPLC had also over-issued unregistered securities in excess of the maximum amount of securities registered in a second BBPLC shelf registration statement
- Barclays had provisioned “£1,592m (approximately $1.940 billion) related to the overissuance of structured notes and £165m (approximately $201 million) related to liabilities that could be incurred arising out of ongoing discussions in respect of a potential SEC resolution.”
All things considered, investors have reason to suspect that the Company has violated their fundamental rights by failing to provide or withhold material information.
Alleged Offence
Misleading Statements,
Failure to Disclose,
Price manipulation,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Investment Bank,
Service Provider
Security Type
Depository Securities (ADS, ADR, GDR)
Trade Direction
Long
Shock Event Date
28 March 2022
Court
Southern District of New York