Financier Staveley loses Barclays lawsuit over 2008 fundraising By Reuters

February 26, 2021 Forexmoneyworld Stock News Comments Off on Financier Staveley loses Barclays lawsuit over 2008 fundraising By Reuters

© Reuters. FILE PHOTO: Dubai International Capital’s chief negotiator Staveley smiles before the Champions League semi-final match in Liverpool

LONDON (Reuters) – British businesswoman Amanda Staveley has lost a long and bitter London court battle against Barclays (LON:) over whether she is owed damages after alleging she was deceived while negotiating a financial lifeline for the bank in 2008.

Judge David Waksman said on Friday that the claim of Staveley’s PCP Capital Partners group, which has claimed damages of around 836 million pounds ($1.16 billion), “as a whole must fail”.

Barclays welcomed the decision and Staveley said she would be taking advice on appealing the decision not to award damages.

($1 = 0.7189 pounds)

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