Investors' Lawsuit Against Barclays Dismissed, Case Closed
Court: S.D. New York
Case: 1:24-cv-01872
The lawsuit filed by investors against Barclays has been dismissed, officially closing the case.
Barclays was accused of selling $17 billion in unregistered securities over an 18-month period without proper internal controls, violating federal registration laws. When this came to light, Barclays suspended issuances and sales of new VXX ETNs.
Following this, $VXX rose over 9%.
On March 12, 2024, shareholders brought a claim against Barclays, which is now dismissed.