BURSTJudge rejects former CEO’s request to dismiss case, paving the way for class action also against chair Nigel Higgins
Barclays and its former chief executive Jes Staley are facing a class action lawsuit in the US over claims they defrauded and misled investors over Staley’s relationship with the child sex offender Jeffrey Epstein.
A judge in a Los Angeles court denied Staley’s request to dismiss the case this week, paving the way for a fresh hearing that continues a long-running legal saga emanating from Staley’s statements to regulators and investors over the nature of his ties to the disgraced financier.
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