Barclays taps WilmerHale, ex-SEC litigator in dark pool probe

WASHINGTON Fri Jun 27, 2014 1:01pm EDT

WASHINGTON (Reuters) - Barclays Plc (BARC.L) has tapped the law firm WilmerHale to help the bank defend itself against allegations that it deceived investors in its "dark pool" trading venue, according to people familiar with the matter.

Among the attorneys working with Barclays is Matthew Martens, a former top litigator at the Securities and Exchange Commission who is perhaps best known for leading the SEC to victory in its high-profile civil fraud trial against former Goldman Sachs (GS.N) Vice President Fabrice "Fabulous Fab" Tourre, the sources said.

New York's attorney general filed a fraud lawsuit against Barclays this week, alleging its LX Liquidity Cross dark pool venue was misleading investors and giving an unfair advantage to high-frequency traders.

(Reporting by Sarah N. Lynch; Editing by Susan Heavey)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article