Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Southern District
of New York on behalf of investors who purchased sponsored American
Depository Receipts (“ADRs”) of Barclays PLC (“Barclays” or the
“Company”) (NYSE: BCS) between July 10, 2007 and June 27, 2012.
For more information, click here: http://zlk.9nl.com/barclays-bcs.
There is no cost or obligation to you.
The complaint alleges that during the Class Period Barclays issued
materially false and misleading information regarding the Company’s
internal controls, financial performance and financial condition. In
particular, the complaint alleges that defendants participated in a
scheme to manipulate Libor interest rates for the benefit of Barclays’
traders and to make the Company appear financially healthier than it was
during the Class Period. The Complaint further alleges that defendants
made material misstatements to the Company’s shareholders about the
Company’s purported compliance with their principles and operational
risk management processes.
On June 27, 2012, Barclays was found by US and UK regulators to have
manipulated or its Libor rate submissions. Then on July 2, 2012,
Barclays announced the resignation of its Chairman, Marcus Agius, after
the Company agreed to pay $450 million to settle accusations that it
attempted to manipulate interest rates to help its own profits.
If you suffered a loss in Barclays you have until September 10, 2012 to
request that the Court appoint you as lead plaintiff. Your ability to
share in any recovery doesn't require that you serve as a lead
plaintiff. To obtain additional information, contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com
or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/barclays-bcs.
Levi & Korsinsky is a national firm with offices in New York and
Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. Attorney
advertising. Prior results do not guarantee similar outcomes.
