A London appeals court has ruled that Argentina must pay a large deposit in a case brought by hedge funds seeking $1.5 billion in compensation for losses in growth-linked securities. In a separate legal development in the United States, Barclays has been ordered to face a proposed class action by shareholders over the bank's inadvertent sale of $17.7 billion in unregistered securities, exceeding the amount allowed by regulators. US District Judge Katherine Polk Failla's ruling emphasizes the gravity of the oversight, marking a significant moment for both the bank and its shareholders.
US District Judge Katherine Polk Failla said Barclays must face a shareholder lawsuit over a $17.7 billion debt sale blunder. Read more: https://t.co/4AqK25NbwB https://t.co/9c91yLiId2
Barclays must face a proposed class action by shareholders over the bank’s inadvertent sale of $17.7 billion in unregistered securities, a judge in New York ruled https://t.co/EsqonfN8ZY
Barclays must face US shareholder lawsuit over $17.7 bln debt sale blunder https://t.co/z1KOtxolAI https://t.co/OqfqeqgoJ9
A US judge said Barclays must face part of a proposed class action by shareholders over the British bank's sale of $17.7 billion more debt than regulators had allowed https://t.co/4AqK25MDH3 https://t.co/DUXDPE6C5z
⚠️ BARCLAYS MUST FACE U.S. SHAREHOLDER LAWSUIT OVER $17.7 BILLION DEBT SALE BLUNDER (Reuters) A U.S. judge said Barclays must face part of a proposed class action by shareholders over the British bank's sale of $17.7 billion more debt than regulators had allowed..... For more… https://t.co/br15ZCTLQG
A London appeals court rules that Argentina must pay a large deposit in a case brought by hedge funds seeking $1.5 billion in compensation for losses in growth-linked securities https://t.co/waF5LeXdu2