Barclays labels US$1b lawsuit over 2008 fundraising 'misconceived'

Barclays has described as "fundamentally misconceived" a US$1.0 billion-plus lawsuit brought by British financier Amanda Staveley over the bank's emergency fundraising from Gulf investors at the height of the credit crisis in 2008. Staveley's private equity group PCP Capital Partners is claiming damages for alleged fraudulent misrepresentation in a civil…