LOS ANGELES, Nov. 02, 2022 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of what’s to come November 22, 2022 Deadline for Filing a Complaint by Lead Plaintiff in the Class Action Complaint, Filed on Behalf of Investors, Barclays PLC (“Barclays” or the “Company”) (NYSE: UCS) American Depositary Receipts (“ADRs”) between February 18, 2021 to March 25, 2022inclusive (the “Class Period”).

If you have suffered a loss on your Barclays investments or would like to inquire about potential claims to recover your loss under federal securities laws, you may submit your contact information at www.glancylaw.com/cases/barclays-plc/. You can also contact GPM’s Charles H. Linehan at 310-201-9150, toll free at 888-773-9224, or email at [email protected] to learn more about your rights.

On 28 March 2022, Barclays announced that its subsidiary Barclays Bank PLC (“BBPLC”) had lost approximately £15.2bn of unregistered securities to approximately £450m in a shelf registration in August 2019.

On the news, Barclays stock fell $0.96, or 10.6%, to close at $8.09 per ADR on March 28, 2022, hurting investors.

Then, on July 28, 2022, Barclays released preliminary financial results and announced that BBPLC had also over-issued unregistered securities under a second-shelf registration statement. The company announced that it had received approximately $1.9 billion “in connection with the over-issuance of structured notes” and approximately $201 million “in connection with liabilities arising out of ongoing discussions regarding a possible SEC decision could result”, had postponed.

On the news, Barclays stock fell $0.41, or 5.2%, to close at $7.48 per ADR on July 28, 2022, further hurting investors.

The complaint filed in this class action lawsuit alleges that…