NEW YORK, July 29, 2014 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. today announced that a class action lawsuit has been filed on behalf of purchasers Barclays PLC (NYSE:BCS) securities between August 2, 2011 and June 25, 2014, seeking remedies under the federal securities laws.
To join the Barclays class action, visit the firm's website at http://rosenlegal.com/cases-306.html, or call Phillip Kim, Esq., or Kevin Chan, Esq. toll-free, at 866-767-3653; you may also email pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
The lawsuit asserts that Barclays and certain of its officers and directors failed to disclose material adverse facts regarding the Company's operation of its dark pool. According to the complaint, Defendants misstated and/or failed to disclose that: (i) Barclays engaged in a systematic pattern of fraud and deceit by using its dark pool to favor high-frequency traders ("HFT") over its other clients; (ii) the pools were promoted as offering investors protection from predatory traders, while Barclays instead courted HFT firms by charging them lower rates; (iii) Barclays falsely understated the percentage of aggressive HFT activity in its dark pool; (iv) Barclays failed to provide monitoring services it promised to investors which would protect the dark pool from aggressive, predatory HFTs; and (v) Barclays routed a disproportionately high percentage of client orders to its own dark pool while falsely representing that it routed client orders in a manner that did not favor Barclays LX. The lawsuit claims that when these adverse facts entered the market the price of Barclays stock dropped, damaging investors.
If you wish to serve as lead plaintiff, you must move the Court no later than September 26, 2014. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the case, or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at pkim@rosenlegal.com. You may also visit the firm's website at http://rosenlegal.com/cases-306.html.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
CONTACT: Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue, 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
