Barclays PLC Files Suit to Dismiss Schneiderman's Charges

After New York Attorney General Eric Schneiderman detailed fraud charges against Barclays PLC (ADR) (NYSE:BCS) (LON:BARC) and the operation of its dark pool, the bank is fighting back, filing a lawsuit Thursday to dismiss the case, the Wall Street Journal is reporting.

Barclays PLC claims Schneiderman's complaint failed to identify fraud

Barclays PLC (ADR) (NYSE:BCS) (LON:BARC) claims that the New York Attorney General’s complaint failed to identify fraud, its customers were sophisticated investors and Schneiderman is overstepping its bounds and that it is the Securities and Exchange Commission who...