Barclays Securities Settlement

IN RE BARCLAYS PLC SECURITIES LITIGATION

Case No. 1:22-cv-08172-KPF

United States District Court

Southern District of New York

This website has been established to provide general information regarding the proposed settlement ("Settlement") of the class action (the "Action") known as In re Barclays PLC Securities Litigation, Case No. 1:22-cv-08172-KPF (S.D.N.Y.). The Court in charge of the Action is the United States District Court for the Southern District of New York. Capitalized terms used on this website and not otherwise defined shall have the same meanings ascribed to them in the Stipulation and Agreement of Settlement, dated November 27, 2024 (the "Stipulation").

Please be advised that your rights may be affected by the proceedings in the Action if you are a member of the Settlement Class, which includes the following:

All persons and entities who or which purchased or otherwise acquired American Depository Shares ("ADSs") of Barclays PLC during the period from February 18, 2021 through February 14, 2023, both dates inclusive, and were allegedly damaged thereby. 

The complaint filed in the Action alleges that, during the Class Period of February 18, 2021 through February 14, 2023, both dates inclusive, the price of Barclays ADSs was artificially inflated as a result of Defendants’ allegedly false and misleading statements and omissions and declined when the truth was allegedly revealed through a series of partial corrective disclosures. Defendants have denied and continue to deny any and all allegations of wrongdoing or fault asserted in the Action. 

The Court did not finally decide in favor of Lead Plaintiff or Defendants.  Instead, both sides agreed to a settlement.  Lead Plaintiff and Lead Counsel believe that the claims asserted in the Action have merit.  They recognize, however, the expense and length of continued proceedings needed to pursue the claims through trial and appeals, as well as the difficulties in establishing liability and damages. In light of the guaranteed cash recovery to the Settlement Class, Lead Plaintiff and Lead Counsel believe that the proposed Settlement is fair, reasonable, and adequate, and in the best interests of the Settlement Class.

Although the information on this website is intended to assist you, it does not replace the information contained in the Notice and the Stipulation. Please read the Notice carefully to fully understand your rights. 

Please do not call the Court with questions about the Settlement. All questions should be directed to Lead Counsel or the Claims Administrator. 

The information on this website, including the dates and deadlines set forth below, is subject to change.  Please continue to check this website for updates.