Barclays Settles Suit After Judge Says the Bank Misused Client’s Data

Barclays Plc settled a lawsuit against CF Partners (U.K.) LLP after a London judge criticized the banks’ employees and ruled the lender had breached confidential client information to help it buy a carbon trading firm (CF Partners (UK) v. Barclays, EWHC (Ch), HC11C03443, settlement reached 9/24/14)

The settlement reached Sept. 24 was disclosed minutes after Judge Robert Hildyard issued a verdict saying Barclays misused the information to buy Tricorona AB in 2010. He called a bank employee who was central to the deal “a law unto herself.” Barclays won part of the lawsuit saying it broke exclusivity rules ...