Barclays $19.5 Million Securities Class Action Settlement

If you purchased or acquired American Depository Shares (ADSs) of Barclays PLC between February 18, 2021, and February 14, 2023, you may be eligible to claim up to $0.11 per share from a class action settlement.

Barclays PLC has agreed to pay $19,500,000 to settle a class action lawsuit for alleged false and misleading statements regarding their internal controls over financial reporting.

Who can file a claim?

To be eligible for the settlement, you:

• Purchased or otherwise acquired Barclays ADSs between February 18, 2021, and February 14, 2023
• Allegedly suffered damages due to the purchase or acquisition of these shares

How much are the payouts?

The average recovery is approximately $0.11 per allegedly damaged share before deductions for awarded attorneys’ fees and litigation expenses, and $0.08 per allegedly damaged share after deductions.

Class members' actual recovery will depend on several factors, including:

• The number and value of claims submitted
• The amount of the Net Settlement Fund
• The timing and number of Barclays ADSs purchased or acquired during the Class Period.
• Whether and when the Settlement Class Member sold their Barclays ADSs.

The settlement amount is subject to a net settlement fund calculation. For example, if the total number of claims exceeds the available funds, each claimant's award will be reduced proportionally.

Is proof required to submit a claim?

Yes, claimants need to provide proof of their transactions in Barclays ADSs to claim an award. This includes documentation such as broker confirmations or other records of transactions.

How to claim an award

To claim an award, class members must submit a Claim Form online or by mail. You can file a claim online or download the PDF claim form .

The completed form should be mailed to Barclays Securities Settlement, c/o Verita Global, LLC, P.O. Box 301171, Los Angeles, CA 90030-1171.

Claim instructions

1. Fill out the Claim Form with all required information, including transaction details.
2. Attach copies of supporting documentation for your transactions.
3. Submit the form online or mail it to the provided address by the deadline.

$19.5 Million settlement fund

The settlement fund of $19,500,000 will cover payments to class members, attorneys' fees, litigation expenses, and administrative costs.

• Attorneys' fees: Up to 29% of the Settlement Fund ($5,655,000).
• Litigation expenses: Not to exceed $300,000.
• Remaining funds distributed to class members.

Important dates

• Fairness Hearing: March 18, 2025
• Deadline to File a Claim: March 13, 2025

When is the Barclays PLC Securities Litigation payout date?

The Court will hold a Settlement Hearing on March 18, 2025, to decide whether to approve the Settlement. If approved, payments will be distributed to eligible claimants who submitted valid claims.

Why is there a class action settlement?

The lawsuit alleged that Barclays made false and misleading statements regarding their internal controls over financial reporting, which allegedly inflated the price of their ADSs. The parties settled to avoid the costs and risks of continuing litigation.