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Barclays Trader Goes to Trial Over Criminal Front-Running Claims

  • Prosecutors are ‘trying to create a crime,’ lawyer argues
  • Bogucki vowed, failed to keep $8 billion unwind quiet: U.S.
Barclays Plc Headquarters And Bank Branches As Company Considers Dublin For Their EU Base
Photographer: Luke MacGregor/Bloomberg

The criminal trial of a Barclays Plc foreign exchange trader over a complicated $8 billion transaction may hinge upon the context and perceived meaning of conversations, instant chats and emails -- ranging from the ordinary to the profane -- among his cohort.

The case stems from Hewlett-Packard’s hiring of Barclays as an adviser for its ultimately disastrous 2011 acquisition of Autonomy Corp., which at the time was the U.K.’s second-largest software business.