
Barclays (NYSE:BCS) and its former CEO Jes Staley will have to defend themselves in a U.S. court over accusations that they misled shareholders about Staley's relationship with the late financier Jeffrey Epstein.
A federal judge in Los Angeles ruled that there was sufficient ground for the case to proceed, allowing investors to pursue claims that the bank and its former chief intentionally concealed key information to safeguard Barclays’ reputation and stock value, Reuters reported.