Barclays is being sued for just under £ 1bn by PCP Capital Partners , which alleges that it ought to have benefitted from Barclays ' emergency £ 5.8bn capital raising in 2008 . PCP invested on behalf of Abu Dhabi ’s Sheikh Mansour ##i Zayed Al Nahyan , who has since sold much of his stake in the bank through a takeover deal with Nomura , in October 2008 . hp has stated that the claim is without merit , and that it will vigorously defend itself against the allegations .
Barclays is being sued for just under £1bn by PCP Capital Partners, which alleges that it ought to have benefitted from Barclays' emergency £5.8bn capital raising in 2008. PCP invested on behalf of Abu Dhabi’s Sheikh Mansour bin Zayed Al Nahyan, who has since offloaded much of his stake in the bank through a hedging deal with Nomura, in October 2008. Barclays has said that the claim is without merit, and that it will vigorously defend itself against the allegations.