Aug 19 (Reuters) - Barclays Plc may face a revivedU.S. lawsuit over its disclosures connected with a 2008 stockoffering, after a federal appeals court said a lower court judgeerred in refusing to let the case proceed.
The 2nd U.S. Circuit Court of Appeals in New York saidinvestors in a $2.5 billion offering of American depositaryshares in April 2008 may pursue claims that Barclays failed toadequately disclose its exposure to credit market risks, andmisled investors about its risk management.
It also upheld the dismissal of similar claims overofferings in 2006 and 2007, saying the plaintiffs waited toolong to sue.
A Barclays spokesman declined immediate comment.
Barclays (BARC)