NEW YORK, June 26, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Barclays PLC ("Barclays" or the "Company") (NYSE:BCS). Investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 237.
The investigation concerns whether Barclays and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On June 26, 2014, New York Attorney General Eric Schneiderman told CNBC that, "Dark pools theoretically are places where large investors will go to protect themselves from high-frequency traders because there's less disclosure."
"Schneiderman announced Wednesday a lawsuit against Barclays—accusing the British bank of giving an unfair edge in the U.S. to high-frequency trading clients, even as it claimed to be protecting large investors from such traders," according to a CNBC report.
On this news, shares of Barclays fell $1.31, or more than 8.34%, on intraday trading to a price of $14.40 on June 26, 2014.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
SOURCE Pomerantz LLP