Investor Claims Against Barclays Insufficient To Withstand Dismissal Motion

Mealey's (January 10, 2020, 1:47 PM EST) -- WILMINGTON, Del. — Investors have failed to sufficiently plead falsity, scienter and the existence of a fiduciary duty in alleging that Barclays Bank PLC misrepresented its relationship with an independent investment solutions firm in violation of federal securities law and common law, which caused the investors to lose their $2.5 million investment in the firm, a federal judge in Delaware ruled Jan. 9 (Keystone Associates LLC, et al. v. Barclays Bank PLC, No. 19-796, D. Del., 2020 U.S. Dist. LEXIS 3475)....