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BCS.US
id: 861

Barclays (BCS) Jeffrey Epstein Case

C.D. California
Court
2:23-cv-09217
Case number
22 Jul 2019
Class period Start
12 Oct 2023
Class period End
02 Jan 2024
Lead Plaintiff motion deadline
  • In 2019, Barclays faced an investigation into its CEO's link with Jeffrey Epstein.
  • On October 12, 2023, the truth came out, leading to a 4.9% $BCS fall.
The lawsuit alleges that $BCS leaders didn't disclose the CEO's closer relationship with Jeffrey Epstein.

In 2019, Barclays revealed an investigation into its CEO's ties to Jeffrey Epstein. There are also claims that the CEO might have known about Epstein's illegal activities and could have been involved.

Furthermore, Barclays is accused of giving false information and not correcting it when contradictory evidence came to light.

This news caused $BCS fall by 4.9% and $1.47B loss of market cap, damaging shareholders.

Given all the information, investors have reasons to suspect that Barclays didn't disclose the CEO's connection with Jeffrey Epstein, causing reputational and financial issues.
Case Status
Lead Plaintiff Appointed
Alleged Offence
Mismanagement
Misleading Statements
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
12 October 2023
Filing date
01 November 2023
Lead Plaintiff Deadline
02 January 2024
Collecting participants…

Barclays PLC ADR

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through two segments, Barclays UK and Barclays ...

    Ticker
    BCS.US
    ISIN
    US06738E2046
    CIK
    312069
    Sector
    Financial Services
    Industry
    Banks - Diversified
    Country
    USA
    Address
    1 Churchill Place, London, United Kingdom, E14 5HP