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Barclays Sued for $326 Million in Dutch Derivatives Case – Bloomberg Law

Barclays Plc was sued for 279 million euros ($326 million) for its alleged involvement in a derivatives debacle that nearly put a Dutch affordable-housing provider out of business.

Stichting Vestia came close to collapse in 2012, after racking up more than 2 billion euros in losses after derivatives that were supposed to be part of a hedging strategy were found to be flawed because of bribes. It previously sued a number of banks, including Deutsche Bank AG, over the issue and in July turned its efforts to Barclays when it filed a separate suit against the British lender.

The …