Barclays reaches $19.5 million settlement over debt sale blunder

Barclays (BARC.L), opens new tab agreed to pay $19.5 million to settle a lawsuit in Manhattan by shareholders who accused the British bank of securities fraud after it sold $17.7 billion more debt than regulators allowed. A preliminary settlement of the proposed class action was filed on Tuesday in Manhattan federal court, and requires approval by U.S. District Judge Katherine Polk Failla.
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