The Gross Law Firm has announced a shareholder class action lawsuit against Barclays PLC, centering on allegations against CEO Jes Staley for making false statements about his relationship with the late Jeffrey Epstein. The firm alleges that Staley may have been aware of Epstein's criminal activities and potentially participated in abuse, which he denied during a Financial Conduct Authority (FCA) inquiry. The accusations raise serious concerns about reputational damage to Barclays and possible legal consequences for failing to correct misinformation provided to the FCA.
Shareholders who acquired Barclays stock between July 22, 2019, and October 12, 2023, are urged to register for the class action by January 2, 2024. By this deadline, they can also apply to be lead plaintiffs and utilize portfolio monitoring software provided by The Gross Law Firm. The lawsuit aims to protect investor rights and recover losses stemming from the alleged corporate misconduct.
The class action notice highlights that registered shareholders will receive updates on the case as it progresses. The Gross Law Firm criticizes Barclays for not amending the misleading statements about Staley's connections with Epstein when discrepancies became apparent. This situation poses significant risks to the financial institution's integrity and could impact its financial standing if the allegations are proven true in court.
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