WAGGONER v. BARCLAYS PLC

No. 16-1912-cv.

875 F.3d 79 (2017)

Joseph WAGGONER, Mohit Sahni, Barbara Strougo, individually and on behalf of all others similarly situated, Plaintiffs-Appellees, v. BARCLAYS PLC, Robert Diamond, Antony Jenkins, Barclays Capital Inc., William White, Defendants-Appellants, Chris Lucas, Tushar Morzaria, Defendants.

United States Court of Appeals, Second Circuit.

Decided: November 6, 2017.


Attorney(s) appearing for the Case

JEREMY ALAN LIEBERMAN , Pomerantz LLP, New York, NY ( Tamar Weinrib , Pomerantz LLP, New York, NY; Patrick V. Dahlstrom , Pomerantz LLP, Chicago, IL, on the brief), for Plaintiffs-Appellees.

JEFFREY T. SCOTT , Sullivan & Cromwell LLP, New York, NY ( Matthew A. Schwartz and Andrew H. Reynard , Sullivan & Cromwell LLP, New York, NY; Brent J. McIntosh , Sullivan & Cromwell LLP, Washington, DC, on the brief), for Defendants-Appellants.

Max W. Berger , Bernstein Litowitz Berger & Grossmann LLP, New York, NY ( Salvatore J. Graziano , Bernstein Litowitz Berger & Grossmann LLP, New York, NY; Blair Nicholas , Bernstein Litowitz Berger & Grossmann LLP, San Diego, CA; Robert D. Klausner , Klausner, Kaufman, Jensen & Levinson, Plantation, FL, on the brief), for the National Conference on Public Employee Retirement Systems as amicus curiae in support of Plaintiffs-Appellees.

Daniel P. Chiplock , Lieff Cabraser Heimann & Bernstein, LLP, New York, NY, for the National Association of Shareholder and Consumer Attorneys as amicus curiae in support of Plaintiffs-Appellees.

Jeffrey W. Golan , Barrack, Rodos & Bacine, Philadelphia, PA ( James J. Sabella , Grant & Eisenhofer P.A., New York, NY, of counsel; Daniel S. Sommers , Cohen Milstein Sellers & Toll PLLC, Washington, DC, of counsel; James A. Feldman , Washington, DC, on the brief), for Evidence Scholars as amicus curiae in support of Plaintiffs-Appellees.

Robert V. Prongay , Glancy Prongay & Murray LLP, Los Angeles, CA, for Securities Law Professors as amicus curiae in support of Plaintiffs-Appellees.

Charles E. Davidow , Paul, Weiss Rifkind, Wharton & Garrison LLP, Washington, DC ( Marc Falcone & Robyn Tarnofsky , Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY; Ira D. Hammerman and Kevin M. Carroll , Securities Industry and Financial Markets Association, Washington, DC, on the brief), for the Securities Industry and Financial Markets Association as amicus curiae in support of Defendants-Appellants.

David S. Lesser ( Fraser L. Hunter, Jr. , Colin T. Reardon , John Paredes , on the brief), Wilmer Cutler Pickering Hale and Dorr LLP, New York, NY, for Paul S. Atkins, Elizabeth Cosenza, Daniel M. Gallagher, Joseph A. Grundfest, Paul G. Mahoney, Richard W. Painter, and Andrew N. Vollmer as amicus curiae in support of Defendants-Appellants.

Michael H. Park , Consovoy McCarthy Park PLLC, New York, NY ( J. Michael Connolly , Consovoy McCarthy Park PLLC, Arlington, VA; Kate Comerford Todd and Warren Postman , U.S. Chamber Litigation Center, Washington, DC, on the brief), for the Chamber of Commerce of the United States of America as amicus curiae in support of Defendants-Appellants.

Before: Kearse, Lohier, and Droney, Circuit Judges.


Barclays PLC, its American subsidiary Barclays Capital Inc. (collectively, "Barclays"), and three senior officers of those companies1 appeal from an order of the United States District Court for the Southern District of New York (Scheindlin, J.) granting a motion for class certification...

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