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Barclays dark-pool suits in US to be consolidated

Wilmington, Delaware

BARCLAYS plc investors suing over claims the bank hid high-frequency traders' role in its dark pool will have their cases consolidated before a federal judge in New York to make pre-trial information exchanges quicker and less costly.

US District Judge Jesse Furman in Manhattan will oversee evidence gathering in five cases alleging Barclays, the UK's second-biggest bank by assets, misrepresented its LX dark pool as being insulated from high-frequency traders, a panel of federal...

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