A branch of Barclays Bank is seen, in London, Britain, February 23, 2022.

A complaint filed in the U.S. District Court in Manhattan by two Florida pension plans seeks to hold Barclays responsible for declines in the prices of its American depositary receipts (ADR)as costs mounted over the blunder.

Chief Executive C.S. Venkatakrishnan and his predecessor Jes Staley are among the other defendants.
Barclays offered to buy back the excess securities, and on July 28 said it set aside about 1.59 billion pounds (now $1.73 billion) related to the overissuance.

Friday's lawsuit by the City of North Miami Beach Police Officers' and Firefighters' Retirement Plan and City of North Miami Beach General Employees' Retirement Plan seeks damages for Barclays ADR holders from Feb. 18, 2021 to March 25, 2022.
Source: Investing.com
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