A businesswoman who has sued Barclays for hundreds of millions of pounds is waiting to see if she won a battle in the High Court.
Amanda Staveley, 47, complained about the behavior of Barclays bosses when negotiating investment deals during the 2008 financial crisis.
She said PCP Capital Partners, a private equity firm she runs, would have invested on “much better terms” had it not been for Barclays’ “misrepresentation”.
The bank disputed his claims and said the request should be denied.
A High Court judge is due to rule on the dispute on Friday.
Judge Waksman heard testimony at a trial in London in the summer of 2020.
Ms Staveley said the bank’s bosses had agreed to grant a £ 2 billion unsecured loan to Qatari investors, but alleged the loan was “withheld” from the market, shareholders and PCP Capital Partners.
She said that PCP had been pressured to invest on “clearly worse terms” than Qatari investors.
Lawyers representing PCP told the judge an initial claim for damages was between £ 1.6bn and £ 400m.
At the end of the trial, PCP was arguing for amounts ranging from around £ 830million to around £ 600million.
Lawyers representing bank bosses criticized Ms Staveley, who said the PCP introduced Manchester City owner Sheikh Mansour – a member of the Abu Dhabi royal family – to Barclays as an investor, during the trial .
Jeffery Onions QC, who led Barclays’ legal team, told Judge Waksman that she had a “tendency to exaggerate” when testifying.
He said his testimony was “peppered with hyperbole” and in some ways was “patently dishonest”.
Lawyers representing PCP and Ms Staveley have said the claim is expected to be successful.
Joe Smouha QC, who led PCP’s legal team, said the elements of the claim were “straightforward.”
He said the PCP had been “tricked” into subscribing on the basis of Barclays “representations” that were “bogus”.