Article 6Y98E Barclays and Jes Staley face fresh lawsuit in US over Epstein link

Barclays and Jes Staley face fresh lawsuit in US over Epstein link

by
Kalyeena Makortoff Banking correspondent
from US news | The Guardian on (#6Y98E)

Judge rejects former CEO's request to dismiss case, paving the way for class action also against chair Nigel Higgins

Barclays and its former chief executive Jes Staley are facing a class action lawsuit in the US over claims they defrauded and misled investors over Staley's relationship with the child sex offender Jeffrey Epstein.

A judge in a Los Angeles court denied Staley's request to dismiss the case this week, paving the way for a fresh hearing that continues a long-running legal saga emanating from Staley's statements to regulators and investors over the nature of his ties to the disgraced financier.

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