Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of purchasers of Barclays PLC (NYSE: BCS) between February 18, 2021 and March 25, 2022.
Barclays investors may receive additional information about the investigation by clicking the link "Submit Your Information" above.
Barclays offers various financial services, including retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.
On March 28, 2022, Reuters published an article entitled, "Barclays faces $590 million hit, scrutiny over sales slip-up." Among other things, the article indicated that, "British bank Barclays faces an estimated 450 million pound ($592 million) loss and regulatory scrutiny for exceeding a U.S. limit on sales of structured products, some of which have surged in popularity since Russia's invasion of Ukraine." Additionally, the article revealed that, "Barclays [. . .] also said on Monday that it will have to delay a planned 1 billion pound share buyback as of the loss, which it will have to incur as a result of buying back the securities in question at their original purchase price."
Following this news, Barclays’ share price fell $0.96, or 10.6%, to close at $8.09 per share on March 28, 2022.
If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453 or via e-mail at info@ktmc.com.