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PRESS: Judge Rules Barclays Must Face US Class Action Suit - Reuters

21st Aug 2015 10:48

LONDON (Alliance News) - A US judge has ruled that Barclays PLC shareholders who accused the bank in a lawsuit of inflating its stock price by manipulating Libor may pursue their case in a class action, Reuters reported on Thursday.

Reuters said that US District Judge Shira Scheindlin in Manhattan said the claims were similar enough to let shareholders sue as a group.

However, the shareholders face "significant obstacles" to proving damages.

A May 2013 dismissal of the case was overturned by an appeals court.

http://uk.reuters.com/article/2015/08/20/uk-barclays-libor-lawsuit-idUKKCN0QP2BJ20150820

Barclays shares were down 1.3% at 261.65 pence late morning on Friday in London.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

Copyright 2015 Alliance News Limited. All Rights Reserved.


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