Barclays' VXX Unregistered Securities Case

S.D. New York

Court

23-CV-02583

Case number

26 Jun 2019

Class period Start

14 Mar 2022

Class period End

28 May 2023

Lead Plaintiff motion deadline

Any Investor who made losses from buying VXX can Join Case.

In a September 29, 2022 SEC Consent Order, Barclays admitted that it had issued $17.7 billion worth of unregistered securities (https://www.sec.gov/litigation/admin/2022/33-11110.pdf), Included among them were the Barclays Bank PLC iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX).

Taking all facts into account, Investors in VXX have all reasons to suspect that $BCS & Affiliates violated investors rights which lead to investment damages.

Case Status

Motion to dismiss

Alleged Offence

Failure to Disclose,

Malpractice,

Negligence,

Breach of Fiduciary duty,

Omissions

Suspected Party

Directors,

Management,

Investment Bank,

Service Provider

Security Type

Unit (ETF, ETN, Unit)

Trade Direction

Long

Shock Event Date

14 March 2022

Filing date

27 March 2023

Lead Plaintiff Deadline

28 May 2023

Collecting participants…

iPath Series B S&P 500 VIX Short-Term Futures ETN

The ETN offers exposure to futures contracts of specified maturities on the VIX index and not direct exposure to the VIX index or its spot level. The index is designed to provide investors with exp...

Ticker

VXX.US

ISIN

US06740C2614

Country

USA