Barclays Fails To Escape Shareholders’ MBS Action
Case Title
In re: Barclays Bank Plc Securities Litigation
Case Number
Court
New York Southern
Nature of Suit
Securities/Commodities
Judge
Law360, New York (June 03, 2014, 1:19 PM ET) — A New York federal judge on Tuesday refused to dismiss a class action against Barclays Bank PLC, saying a Second Circuit ruling gave shareholders latitude to amend allegations that the bank did not believe its own valuations for mortgage-backed securities offerings.
U.S. District Judge Paul A. Crotty rejected the British financial giant’s arguments that the Second Circuit did not allow for the plaintiffs to amend several of their claims related to a set of offerings known as Series 5, which had been dismissed by the district…
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