Lead Plaintiffs Failed To Plead Misrepresentation, Materality, Barclays Argues

(November 18, 2016, 1:36 PM EST) -- NEW YORK — Lead plaintiffs in a securities class action lawsuit against Barclays Bank PLC and others have failed to plead any actionable misrepresentations or omissions, materiality or loss causation regarding the drop in value of the company’s Series 5 stock in making their federal securities law claims, Barclays and several current and former officers and directors argue in an Oct. 21 motion for summary judgment filed in New York federal court (In re Barclays Bank PLC Securities Litigation, No. 09-1989, S.D. N.Y.)....