A deadline is coming up on March 21, 2016 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Barclays PLC (NYSE: BCS) between July 10, 2007 and June 27, 2012.
Investors who purchased a significant amount of shares of Barclays PLC (NYSE: BCS) between July 10, 2007 and June 27, 2012, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the Barclays PLC (NYSE: BCS) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/barclays-plc-nyse-bcs-investor-securities-class-action-lawsuit-07102012
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is March 21, 2016. The class action administrator for this case is Gilardi & Co LLC.
The lawsuit was originally filed in the U.S. District Court for the Southern District of New York against Barclays PLC (NYSE: BCS) over alleged violations of Federal Securities Laws in connection with allegedly false and misleading statements made between July 10, 2007 and June 27, 2012.
Between July 10, 2007 and June 27, 2012, Barclays PLC issued materially false and misleading statements and omitted to state material facts that rendered their affirmative statements misleading as they related to Barclays PLC’s financial performance, financial condition and internal operational controls. As a result of these materially false and misleading statements, the price of Barclays PLC’s securities was artificially inflated between July 10, 2007 and June 27, 2012. As the truth of Barclays PLC’s materially false and misleading statements entered the market, Barclays PLC’s stock plummeted.
The complaint alleges that Barclays PLC did not act fairly, transparently, and try in good faith to fix Libor rates at levels that accurately reflected the inherent and actual risk in the market place. Barclays PLC, instead, admittedly participated in an illegal scheme to manipulate the Libor interest rates for the benefit of Barclays’ traders and to make Barclays appear financially healthier than it was during the Class Period.
The Complaint further alleges that apart from participating in an illegal scheme to manipulate Libor rates in a way that would allow Defendants and other bankers to exploit borrowers and make even more money, the Defendants made material misstatements to the Company’s shareholders about Barclays PLC’s purported compliance with their principles and operational risk management processes and repeatedly told shareholders that Barclays was a model corporate citizen even though at all relevant times it was flouting the law.
Those who purchased shares of Barclays PLC (NYSE: BCS) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
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