The UK bank must face a lawsuit brought by US shareholders over the US$17.7 billion structured note blunder.

Barclays will not be able to escape a proposed class action by shareholders who accused the bank of securities fraud related to the over-issuance of structured notes worth US$17.7 billion. Barclays failed to implement a mechanism to track the offers and sales of securities registered via its shelves, in order to ensure that no securities in excess of the amount the bank had registered were offered or sold U.S. District Judge Katherine Polk Failla (pictured) in Manhattan has ruled that shareh

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