The High Court has dismissed an application by a firm that alleged Barclays had mis-sold a swap, to require Barclays to disclose documents relating to other allegations of mis-selling involving two specific Barclays employees. The request included details of complaints involving FCA and FOS. The Court held the application was no more than a fishing exercise and that, even if it were refined to include only relevant documents, it was unlikely that a court would admit the documents as evidence. Moreover, the Court said that to require Barclays to undertake the search would be disproportionate and oppressive. (Source:Court Dismisses Application for Mis-Selling Disclosures)
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Court dismisses application for mis-selling “fishing” exercise
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