Robbins LLP, a leader in shareholder rights litigation, is handling a class action lawsuit against Barclays PLC. The suit involves investors who acquired Barclays securities between July 22, 2019 and October 12, 2023. The allegations center around the relationship between the bank's former CEO, James Staley, and Jeffrey Epstein.
The lawsuit accuses Barclays of misleading investors about the nature of Staley's connection with Epstein. It alleges that Staley had a close relationship with Epstein and was aware of his criminal activities. There are even claims that Staley may have assaulted a victim trafficked by Epstein. These revelations could potentially cause serious reputational, legal, and financial damage to Barclays.
Barclays' response to the British Financial Conduct Authority's (FCA) investigation into Staley’s relationship with Epstein is also under scrutiny. The lawsuit asserts that the bank's response was materially false and when conflicting information came to light, Barclays failed to correct its statement. This alleged misrepresentation resulted in a decline in Barclays' share price.
Robbins LLP specializes in securities class actions and has secured over $1 billion for shareholders while striving to enhance corporate governance structures.
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