Robbins Geller Rudman & Dowd LLP and Kessler Topaz Meltzer & Check, LLP Announce Notice of Pendency of Class Action In In Re Barclays Bank PLC Securities Litigation

NEW YORK, May 25, 2017 /PRNewswire/ -- The following statement is being issued by Robbins Geller Rudman & Dowd LLP and Kessler Topaz Meltzer & Check, LLP regarding the Barclays Bank PLC Securities Litigation:

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

SUMMARY NOTICE OF PENDENCY OF CLASS ACTION

YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure, that the above-captioned securities class action lawsuit (the "Action") is currently pending before the Honorable Paul A. Crotty, United States District Judge, Southern District of New York.  On June 9, 2016, the Court certified a Class consisting of all persons or entities who purchased or otherwise acquired Barclays ADSs, Series 5, non-cumulative callable dollar preference shares pursuant or traceable to the April 8, 2008 public offering, and directed that notice of the Court's certification of the Action as a class action on behalf of the Class be provided to such persons and entities.  No resolution of the litigation has yet been reached.

If you purchased or otherwise acquired Barclays ADS, Series 5, pursuant or traceable to the April 8, 2008 public offering, your rights may be affected by this Action.  If you have not received a copy of the detailed "Notice of Pendency of Class Action," you may obtain a copy by contacting the Notice Administrator at:  In re Barclays Bank PLC Securities Litigation, c/o Gilardi & Co. LLC, P.O. Box 43434, Providence, RI  02940-3434, or by downloading a copy at www.barclaysbankplcsecuritieslitigation.com.  If you are a Class Member and did not receive the Notice by mail, please send your name and address to the Notice Administrator so that if any future notices are disseminated in connection with the Action, you will receive them.

Inquiries, other than requests for the Notice, may be made to Court-appointed Co-Class Counsel:

If you are a Class Member, you have the right to decide whether to remain a member of the Class.  If you choose to remain a member of the Class, you do not need to do anything at this time other than retain your documentation reflecting your transactions in Barclays ADSs, Series 5 shares.  You will automatically be included in the Class, and you will be bound by the proceedings in this Action, including all past, present and future orders and judgments of the Court, whether favorable or unfavorable to the Class. 

If you are a Class Member and do not wish to remain a member of the Class, you must take steps to exclude yourself from the Class.  To exclude yourself from the Class, you must submit a written request for exclusion to the Notice Administrator at In re Barclays Bank PLC Securities Litigation, c/o Gilardi & Co. LLC, 3301 Kerner Blvd., San Rafael, CA  94901, postmarked no later than July 21, 2017, in accordance with the instructions set forth in the mailed Notice.  Pursuant to Rule 23(e)(4) of the Federal Rules of Civil Procedure, it is within the Court's discretion as to whether a second opportunity to request exclusion from the Class will be allowed if there is a settlement or judgment in the Action.

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.

SOURCE Robbins Geller Rudman & Dowd LLP and Kessler Topaz Meltzer & Check, LLP