Barclays Securities Class Action

In a September 29, 2022 consent order with the U.S. Securities and Exchange Commission, Barclays revealed that it had issued $17.7 billion worth of unregistered securities. Included among them were the Barclays Bank PLC iPath Series B S&P 500 VIX Short-Term Futures ETN (“VXX”).

Barclays announced a rescission offer later that year, indicating that it would buy back a portion of those unregistered securities, including some VXX shares. Barclays then rejected the rescission claims of many VXX investors.

This case is a class action lawsuit brought on behalf of VXX investors (excluding those with certain relationships to Barclays) who purchased shares between June 26, 2019, and May 23, 2022.

The case was originally filed on March 27, 2023, in the United States District Court for the Southern District of New York. On September 13, 2023, the Court consolidated this case with another pending action against Barclays and appointed Ruth May, Donna Ledgerwood, Justin Reed, Jeffrey Knapp, and Mark Howarth to serve as lead plaintiffs in the matter. The Court also appointed Mazin Sbaiti and Jonathan Bridges to serve as lead counsel for plaintiffs.

We understand you want to win.

We understand you want to win.