Barclays Wins Staveley Lawsuit Even as Judge Finds ‘Deceit’
- Staveley’s PCP had sought $918 million in London lawsuit
- Judge says bank ‘guilty of serious deceit’ as he rejects claim
Barclays Plc headquarters in London.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Barclays Plc won a bitter fight with deal-maker Amanda Staveley over a rescue package she helped engineer at the height of the financial crisis more than a decade ago.
Despite dismissing Staveley’s suit, Judge David Waksman found that the bank seriously deceived her about the terms of the 2008 investment at the center of the case. He also criticized former Barclays executives Roger Jenkins and John Varley.