NEW YORK,
Nov. 18,
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=33812&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