A US federal court has dismissed two lawsuits against Barclays for its unlawful issuances at US$17.7 billion in a final ruling.
Barclays has dodged two class action lawsuits over alleged securities fraud relating to its over-issuance blunder, Judge Lewis Liman (below right) at the US District Court for the Southern District of New York ruled with prejudice on Friday (21 March). The motion of dismissal was granted after Barclays argued in August 2024 that the complaint fails to ‘allege an actionable mis-statement or omission, scienter, or loss causation’. The case was initiated in March 2023 by Michael