Barclays and former CEO Jess Stalli face a collective lawsuit in the United States for allegations that they had defrauded investors and misled them because of Stallie’s relationship with the sexual perpetrator Jeffrey Ibstein.
The judge in the Los Angeles Court denied Stali’s request to reject the case this week, which paves the way for a new hearing continuing a long -term legal story that eliminates Stali’s statements to the organizers and investors on the nature of his relations with the disgraceful financier.
It is a result of bruises for the American banker, who lost a legal challenge in the United Kingdom on Thursday against the FCA, which prevented him from lifelongly from holding administrative roles in the city in 2023 to mislead the International Energy Agency for its history with Epsin.
The American collective lawsuit, led by pension funds in New York and Missouri, claims that Barclays, its president, and Najel Higgins, Stelie, and mocked the history of Stali over and over again with Epstein to the media and investors, starting in July 2019 – weeks of two Etisal were arrested on charges of directing girls under the review.
Court documents claim that this has been in an attempt to protect the reputation of Barclays and the stock price.
Prosecutors claim that Barclays reduced the relationship even after FCA launched its investigation, which focused on the claims submitted in a letter she received from Barclays in October 2019.
That message claimed that Stallie “had no close relationship” with Epstein, and that his recent contact with the financier was “a long time ago”, he joined Barclays four years ago in 2015. The investigation of the FCA, which led to the presence of a 1,200 e -messages of his nature.
The latest lawsuit in the United States claims that Barclays, Setali and Higgins have lost their misfortune even after the FCA was recognized. They claim that this continued even after the Barclays of the GP Morgan cache, which “showed that the two men shared a personal relationship much closer to the defendants recognized to FCA and the public.”
The case was submitted by American shareholders and US deposit owners (ADRS), which allows investors the opportunity to own and trade shares in foreign companies on US stock exchanges.
They claim that they were eventually fraud, after they learned of the true nature of the relationship of Stallie and Ibstein only after FCA publicly released its investigation and banned Stoli from the city, in October 2023.
Stallie resigned from Barclays two years ago in 2021 due to the preliminary results of the FCA investigation.
“When FCA informed the defendants from the private sector of the result of its initial investigation, Stallie Barclays left. However, Barclays publicly continued to reduce the scope of the FCA investigation into Stali’s relationship with Epstein and expressed his support for its former CEO,”
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They claim this, after the harmful details were revealed in a civil lawsuit against JP Morgan, which was accused of Epstein’s banks while he was in sex trafficking for women and girls. While issues were eventually settled, the collective lawsuit says that the evidence provided “exposed correspondence more correspondence between Stallie and Ibstein, which publicly revealed that its relationship was more than a mere professional – unlike the assurances that the defendants made to the Barclays investors.”
The deposits were cited with the notorious exchange in which the husband refers to Disney princesses in July 2010. “What is the character you want after that?” Epstein, who replied, asked, “Beauty and the Monster.”
The deposit file states: “When the defendants and investors were deceived, the price of Barclays Securities decreased again, and investors had been affected economically.”
Prosecutors sue Barclays, Higgins and Stelie for an unspecified amount, saying they want to compensate for “all the damage caused to them as a result of the defendant’s mistake, with an amount that is proven in the trial, including the interest.” They also request the costs and expenses associated with the trial, in addition to “other relief that the court may see as fair and appropriate.”
The first schedule of the collective case in the United States, which will begin to determine a schedule and final dates for the legal process, will be held on August 14.
A legal representative of Staley refused to comment. Barclays and Higgins refused to comment.
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2025-06-27 15:06:00