LOS ANGELES–(BUSINESS WIRE)–Schall law firma national shareholder rights litigation firm, reminds investors of a class action lawsuit against Barclays PLC (“Barclays” or “the Company”) (NYSE: BCS) for violation of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the United States Securities and Exchange Commission.
Investors who purchased the Company’s American Depositary Receipts (“ADRs”) between February 18, 2021 and March 25, 2022, inclusive (the “Class Period”), are encouraged to contact the Company before November 22, 2022.
If you are a shareholder who has suffered a loss, Click here to participate.
We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.comor by e-mail to [email protected]
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. Barclays’ wholly-owned subsidiary, Barclays Bank PLC (“BBPLC”), sold $17.64 billion worth of unregistered securities above the maximum amount allowed by its two prior registration statements. The Company suffered from significant weaknesses in its internal controls over financial reporting. The company failed to disclose the excessive issuance of BBPLC or that the subsidiary violated SEC regulations and/or securities laws, creating liabilities for the parent company. Based on these facts, the Company’s public statements were false and materially misleading throughout the Class Period. When the market learned the truth about Barclays, investors suffered damage.
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Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
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