NEW YORK (Reuters) - A New York judge on Friday rejected Barclays Plc's effort to dismiss state Attorney General Eric Schneiderman's lawsuit accusing it of defrauding clients about its private securities trading platform, known as a dark pool.
Justice Shirley Werner Kornreich of the State Supreme Court in Manhattan said it was premature to dismiss Schneiderman's claim under the state's Martin Act, a powerful law used to fight securities fraud.
The judge also dismissed a claim that Schneiderman tried to bring under the state's Executive Law, saying that statute does not provide a basis to bring a standalone claim.