Levi & Korsinsky, LLP and Rosen Law Firm have both announced legal actions against Barclays PLC, with allegations centering on the bank's former CEO Jes Staley and his undisclosed connections to Jeffrey Epstein. Investors who purchased securities from July 22, 2019, to October 12, 2023, are being notified of a lead plaintiff deadline of January 2, 2024.
The lawsuit initiated by Levi & Korsinsky alleges that Staley had undisclosed links with Epstein that could have engaged him in criminal behavior, thus risking the reputation and finances of Barclays. The accusations include providing false statements to the British Financial Conduct Authority (FCA) regarding Staley's relationship with Epstein and failing to correct these statements after conflicting information came to light. The firm is encouraging affected investors to seek restitution under federal laws.
In a parallel move, Rosen Law Firm, known for its focus on global investor rights, has also reached out to Barclays investors regarding the January deadline. The firm emphasizes the opportunity for investors to potentially receive compensation on a contingency basis, meaning no personal fees unless compensation is awarded. The allegations suggest that Barclays issued misleading statements about Staley’s connections with Epstein, including hidden knowledge of Epstein’s criminal activities and Staley’s own alleged misconduct.
Both law firms have a history of securities litigation success, with Rosen Law Firm notably recognized by ISS Securities Class Action Services for its settlement achievements in 2017. These announcements come as part of the pre-class certification stage, during which investors can choose their legal representation before one is assigned by the court. Affected shareholders are advised to contact the firms for guidance or participation in this legal matter.
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