Rehearing Sought Of 2nd Circuit Ruling In Barclays Securities Lawsuit

Mealey's (November 22, 2017, 2:04 PM EST) -- NEW YORK — Rehearing of a Second Circuit U.S. Court of Appeals panel’s ruling affirming a federal district court’s grant of class certification in a securities lawsuit is necessary because the panel’s ruling is in conflict with U.S. Supreme Court and federal circuit court precedent, defendants argue in a Nov. 20 petition for rehearing and rehearing en banc (Joseph Waggoner, et al. v. Barclays PLC, et al., No. 16-1912, 2nd Cir.)....