On Wednesday, Schneiderman amended the June lawsuit. "Barclays asked the Court to dismiss the New York Attorney General’s original complaint because of substantial factual and legal inaccuracies,".
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Barclays Plc hid the role of high-frequency traders in its dark pool even after the bank said it had shut off clients who engaged in suspect activity, New York Attorney General. lawsuit “clearly.
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New York Attorney General Eric Schneiderman’s lawsuit accusing Barclays Plc of bilking customers to expand its dark pool was scrutinized by a judge for not naming specific victims of the alleged fraud.
The New York State attorney general has turned up the heat on Barclays over its alleged ‘dark pools‘ trading fraud, writes James Salmon.
New York Attorney General Eric T. Schneiderman on Wednesday hit Barclays PLC with a securities fraud lawsuit alleging the firm dramatically increased the market share of its dark pool by.
NEW YORK/LONDON (Reuters) – New York’s attorney general has filed a securities fraud lawsuit against Barclays, accusing the British bank. from the activities and Deutsche Bank and UBS could face.
The lawsuit, which was filed in New york state supreme court, seeks to compel Barclays to forfeit the profits gained through its actions and pay an unspecified amount of damages.
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US authorities have launched a securities fraud lawsuit against Barclays linked to its private trading system, or "dark pool". New York attorney general Eric Schneiderman alleged that the.
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Barclays Plc urged the dismissal on Thursday of a lawsuit from the New York attorney general alleging the bank lied to clients about its high-speed trading venue, saying the complaint had "fatal.
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The New York State’s attorney general has filed a securities fraud lawsuit against Barclays, accusing the British bank of giving an unfair edge in the United States to high-frequency trading.
Barclays Plc lost a bid to dismiss a lawsuit by New York accusing the bank of misleading customers of its dark pool in order to boost its own profit. Attorney General Eric Schneiderman sued the London-based bank in June, saying it bilked its own customers in order to expand its dark pool through a pattern of "fraud and deceit" that began in.