Appeal ruling highlights absence of evidence linking management to alleged misconduct.
A panel of the United States Court of Appeals for the Second Circuit has upheld the dismissal of a lawsuit that accused Barclays of misleading investors about its internal controls before the bank mistakenly oversold volatility-linked exchange- trade d notes (ETNs). Barclays previously addressed the oversale through market disclosures and updated filings The case, filed in March 2024 by short seller Michael Puchtler and a proposed c