Shareholders seek damages for Barclays structured note over-issuance

Barclays was sued on Friday (23 September) in a proposed US class action in which the UK bank’s shareholders claim they were defrauded in connection with the sale of US$17.6 billion more structured notes than regulators had allowed. The class action lawsuit was filed by Wolf Popper for violations of the federal securities laws in the US District Court for the Southern District of New York against Barclays on behalf of investors that purchased ‘Barclays American Depositary Receipts (