Barclays PLC Faces Class Action Lawsuit Over Alleged Securities Law Violations

Former CEO Jes Staley's relationship with Jeffrey Epstein at the center of allegations, with potential for significant reputational, legal, and financial harm to the bank.

• Barclays PLC is facing a class action lawsuit for alleged violations of federal securities laws, with investors encouraged to join the case.
• The lawsuit alleges that Barclays' former CEO, Jes Staley, had a close relationship with Jeffrey Epstein and may have been aware of Epstein's criminal activities.
• Staley's relationship with Epstein and potential criminal activity could bring reputational, legal, and financial harm to Barclays.
• The lawsuit claims that Barclays' response to the British Financial Conduct Authority's inquiry regarding Staley's relationship with Epstein was materially false.
• Investors who purchased or otherwise acquired Barclays securities between July 22, 2019 and October 12, 2023 are eligible to join the lawsuit and have until January 2, 2024 to file lead plaintiff applications.

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