NEW
YORK, Nov. 4, 2022 /PRNewswire/ -- Jakubowitz
Law announces that a securities fraud class action lawsuit has
commenced on behalf of shareholders of Barclays PLC (NYSE:
BCS).
To receive updates on the lawsuit, fill out the
form:
https://claimyourloss.com/securities/barclays-plc-loss-submission-form/?id=33304&from=4
This lawsuit is on behalf of persons who purchased or otherwise
acquired Barclays American Depositary Receipts on a U.S. open
market between February 18, 2021 and
March 25, 2022.
Shareholders interested in acting as a lead plaintiff
representing the class of wronged shareholders have until
November 22, 2022 to petition
the court. Your ability to share in any recovery doesn't require
that you serve as a lead plaintiff.
According to a filed complaint, Barclays PLC issued materially
false and/or misleading statements and/or failed to disclose that:
a) as of December 31, 2020 and
February 18, 2021, Barclays had a
material weakness in its internal control environment due to the
fact that the over-issuance had occurred and was not immediately
identified; and b) they failed to disclose that as of February 18, 2021 (i) Barclays Bank PLC ("BBPLC")
had and was selling unregistered securities in excess of the
amounts registered by the August 2019
shelf registration statement, (ii) BBPLC was violating U.S.
securities laws and/or the U.S. Securities and Exchange Commission
regulations, subjecting Barclays to legal liability, and (iii)
BBPLC was required to conduct a rescission offer for those
unregistered securities.
Jakubowitz Law is vigorous in pursuit of justice for
shareholders who have been the victim of securities fraud. Attorney
advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law