The British bank has agreed to pay US$19.5m over the fallout of its structured product over-issuances after over two years since the blunder was reported to the regulator.
Barclays has negotiated a settlement over the fallout of its exchange-traded notes (ETNs) over-issuances in a class action lawsuit at a federal trial court in Manhattan. Lead plaintiff Boston Retirement System proposed the settlement to the US District Court for the Southern District of New York yesterday (3 December), seeking preliminary approval from Judge Katherine Polk Failla (pictured) . The plaintiffs alleged that they have suffered ‘significant losses and damages