Are you a shareholder in Barclays (NYSE: BCS)?
If you purchased shares of Barclays stock between July 22, 2019 and October 12, 2023, we may be able to help you recoever some losses.
Pomerantz fights to help investors when they have losses caused by fraud. We are currently investigating whether Barclays and some of its directors have engaged in securities fraud or other unlawful business practices. If you bought stock in Barclays between July 22, 2019 and October 12, 2023, then we may be able to help you recover some money. To learn more, please fill out the form below for a quick, confidential, no-cost consultation.
The Facts
On November 1, 2021, after market hours, Barclays filed a current report on Form 6-K with the United States Securities and Exchange Commission, announcing the departure of Barclays Group Chief Executive Jes Staley (“Staley”) as a result of Staley’s relationship with the late Jeffrey Epstein.
On this news, the price of Barclays American Depositary Receipts (“ADRs”) fell $0.25 per ADR, or 2.23%, to close at $10.93 per ADR on November 2, 2021.
Then, on November 12, 2021, before the domestic market closed, the Financial Times published an article entitled “Jes Staley exchanged 1,200 emails with Epstein that included unexplained phrases.”
On this news, the price of Barclays ADRs fell $0.05 per ADR, or 0.469%, to close at $10.62 per ADR on November 12, 2021.
Then, after hours on March 8, 2023, relating to the litigation Jane Doe 1 v. JPMorgan Chase Bank, N.A., 22-v-10019-JSR (S.D.N.Y.), JPMorgan Chase Bank filed a third-party complaint against Staley for indemnity, contribution, breach of fiduciary duty, and breach of the faithless servant doctrine in the event that it is found liable.
On this news, the price of Barclays ADRs fell $0.29 per ADR, or 3.59%, to close at $7.77 per ADR on March 9, 2023.
The price of Barclays ADRs then declined by an additional $0.24 per ADR, or 3.08%, to close at $7.53 per ADR on March 10, 2023. Finally, on October 12, 2023, the Financial Conduct Authority published an announcement on its website entitled “FCA decides to fine and ban James Staley”.
On this news, the price of Barclays ADRs fell $0.39 per ADR, or 4.98%, to close at $7.43 per ADR on October 12, 2023.
If you’d like to discuss how Pomerantz fights for the rights of shareholders like you, and can possibly help you recover some losses, please fill out the form below.
About Pomerantz
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
