Barclays (BCS) to Face Class Action Suit Regarding Debt Sale

Barclays Plc (BCS) will face a proposed class action by shareholders, accusing the bank of securities fraud related to the sale of debt in excess of what was allowed by regulators.This means that the securities Barclays issued in previous years were not registered with the Securities and Exchange Commission (“SEC”).U.S. District Judge Katherine Polk Failla in Manhattan said shareholders adequately alleged that Barclays' failure to disclose internal controls failures, which led to five years of unregistered ...