Panel: Barclays Sufficiently Pleaded Negative Loss Causation In Securities Suit

Mealey's (November 21, 2018, 12:15 PM EST) -- NEW YORK — A Second Circuit U.S. Court of Appeals panel on Nov. 19 ruled that a federal district court did not err in granting a motion for summary judgment filed by Barclays Bank, its holding company and others in a securities class action because a lead plaintiff failed to sufficiently show that Barclays had any duty to disclose its negative exposure to the subprime mortgage crisis in violation of federal securities laws (In re Barclays Bank PLC Securities Litigation, No. 17-3293, 2nd Cir., 2018 U.S. App. LEXIS 32622)....