San Diego, CA -- (SBWIRE) -- 08/18/2014 -- An investor, who purchased shares of Barclays PLC (ADR) (NYSE:BCS), filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Barclays PLC in connection with certain allegedly false and misleading statements made between August 2, 2011 and June 25, 2014.

Investors who purchased a significant amount of shares Barclays PLC (ADR) (NYSE:BCS) between August 2, 2011 and June 25, 2014 have certain options and for certain investors are short and strict deadlines running. Deadline: September 26, 2014. NYSE:BCS investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Barclays PLC (ADR) (NYSE:BCS) common shares between August 2, 2011 and June 25, 2014, that the defendants violated Federal Securities Laws by issuing false and/or misleading statements, and failing to disclose material adverse facts regarding the Company's operation of its dark pool.

More specifically, the plaintiff claims that Defendants made allegedly false and/or misleading statements and/or failed to disclose that Barclays PLC engaged in a "systematic pattern of fraud and deceit" by using its dark pool to favor high-frequency traders over its other clients, that the pools were promoted as offering investors protection from predatory traders, while Barclays instead courted HFT firms by charging them lower rates, that Barclays PLC falsely understated the percentage of aggressive HFT activity in its dark pool, that Barclays PLC failed to provide monitoring services it promised to investors which would protect the dark pool from aggressive, predatory HFTs, that Barclays PLC 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, that Barclays PLC secretly gave HFT firms informational and other advantages over other clients trading in the dark pool, that Barclays PLC's practices subjected it to regulatory scrutiny and significant reputational harm, and that as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.

On June 25, 2014, the New York State office of the Attorney General announced a lawsuit against Barclays PLC, arising from the operation of Barclays PLC's dark pool and other aspects of its electronic trading division.

The announcement stated, in part, that "[T]he complaint alleges Barclays has dramatically increased the market share of its dark pool through a series of false statements to clients and investors about how, and for whose benefit, Barclays operates its dark pool. Contrary to Barclays' representations that it has implemented special safeguards to protect clients from "aggressive" or predatory high-frequency traders, Barclays is accused of operating its dark pool to favor high-frequency traders." Shares of Barclays PLC (ADR) (NYSE:BCS) declined from $16.28 per share on June 19, 2014 to $14.44 per share on June 26, 2014.

Barclays PLC reported that its Net Loss of $624.00 million in 2012 turned into a Net Income of $540.00 million in 2013. Shares of Barclays PLC (ADR) (NYSE:BCS) grew from $9.91 per share in July 2012 to as high as $20.03 per share in May 2013.

Those who purchased shares of Barclays PLC (ADR) (NYSE:BCS) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com