20th Mar 2007 18:20
Barclays PLC20 March 2007 20th March 2007 BARCLAYS PLC In the Enron class action litigation that has been pending against Barclays inHouston since 2002 (commonly known as the Newby litigation), The United StatesCourt of Appeals for the 5th Circuit yesterday issued an order reversing thedistrict court's ruling that the case against Barclays and two other financialinstitutions could properly proceed. The Court of Appeals held that because noproper claim against Barclays and the others had been alleged by the plaintiffs,the case could not proceed against them. The plaintiffs have said they willlikely seek further appellate review of this decision, including by the UnitedStates Supreme Court. - ENDS - Contacts:Media Enquiries Investor EnquiriesStephen Whitehead/Alistair Smith Mark Merson/James S JohnsonTel: +44 (0) 20 7116 6060/6132 Tel: +44 (0) 20 7116 5752/2927 About BarclaysBarclays Bank PLC is a major global financial services provider engaged inretail and commercial banking, credit cards, investment banking, wealthmanagement and investment management services. We are one of the largestfinancial services companies in the world by market capitalisation. With over300 years of history and expertise in banking, Barclays operates in over 60countries and employs around 120,000 people, we move, lend, invest and protectmoney for over 25 million customers and clients worldwide. For furtherinformation about Barclays PLC please visit our website www.barclays.com. Forward-looking statementsThis document contains certain forward-looking statements within the meaning ofSection 21E of the US Securities Exchange Act of 1934, as amended, and Section27A of the US Securities Act of 1933, as amended, with respect to certain ofBarclays plans and its current goals and expectations relating to its futurefinancial condition and performance, in particular with respect to BarclaysCapital. These forward-looking statements can be identified by the fact thatthey do not relate only to historical or current facts. Forward-lookingstatements sometimes use words such as 'aim', 'anticipate', 'target', 'expect','estimate', 'intend', 'plan', 'goal', 'believe', or other words of similarmeaning. Examples of forward-looking statements include, among others,statements regarding Barclays future financial position, income growth,impairment charges, business strategy, projected levels of growth in the bankingand financial markets, projected costs, estimates of capital expenditures, andplans and objectives for future operations. By their nature, forward-looking statements involve risk and uncertainty becausethey relate to future events and circumstances, including, but not limited to,global as well as US economic and business conditions, market related risks suchas changes in interest rates and exchange rates, the policies and actions ofgovernmental and regulatory authorities, changes in legislation, and the impactof competition - a number of which factors are beyond Barclays control. As aresult, Barclays actual future results may differ materially from the plans,goals, and expectations set forth in Barclays forward-looking statements. Anyforward-looking statements made by or on behalf of Barclays speak only as of thedate they are made. Barclays does not undertake to update forward-lookingstatements to reflect any changes in Barclays expectations with regard theretoor any changes in events, conditions or circumstances on which any suchstatement is based. The reader should, however, consult any additionaldisclosures that Barclays has made or may make in documents it has filed or mayfile with the SEC. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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