|By Marketwire .||
|September 6, 2012 02:04 PM EDT||
NEW YORK, NY -- (Marketwire) -- 09/06/12 -- Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased sponsored American Depository Receipts ("ADRs") of Barclays PLC ("Barclays" or the "Company") (NYSE: BCS) between July 10, 2007 and June 27, 2012.
For more information, click here: http://zlk.9nl.com/barclays-bcs. There is no cost or obligation to you.
The complaint alleges that during the Class Period Barclays issued materially false and misleading information regarding the Company's internal controls, financial performance and financial condition. In particular, the complaint alleges that defendants participated in a scheme to manipulate Libor interest rates for the benefit of Barclays' traders and to make the Company appear financially healthier than it was during the Class Period. The Complaint further alleges that defendants made material misstatements to the Company's shareholders about the Company's purported compliance with their principles and operational risk management processes.
On June 27, 2012, Barclays was found by US and UK regulators to have manipulated its Libor rate submissions. Then on July 2, 2012, Barclays announced the resignation of its Chairman, Marcus Agius, after the Company agreed to pay $450 million to settle accusations that it attempted to manipulate interest rates to help its own profits.
If you suffered a loss in Barclays you have until September 10, 2012 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/barclays-bcs.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171