Financier Staveley loses Barclays lawsuit over 2008 fundraising

FILE PHOTO: Dubai International Capital’s chief negotiator Amanda Staveley smiles before the Champions League semi-final first leg soccer match between Liverpool and Chelsea at Anfield in Liverpool, northern England, April 22, 2008. REUTERS/Phil Noble/File Photo

LONDON (Reuters) – British businesswoman Amanda Staveley has lost a long and bitter London court battle against Barclays over whether she is owed damages after alleging she was deceived while negotiating a financial lifeline for the bank in 2008.

Judge David Waksman said on Friday that the claim of Staveley’s PCP Capital Partners group, which has claimed damages of around 836 million pounds ($1.16 billion), “as a whole must fail”.

Barclays welcomed the decision and Staveley said she would be taking advice on appealing the decision not to award damages.

($1 = 0.7189 pounds)

Reporting by Kirstin Ridley; Editing by Jon Boyle

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