New York's top law enforcer has accused barclays of defying his subpoenas in a probe of high-speed trading in its private "dark pool", and moved to expand his lawsuit accusing the British bank of fraud. Barclays quickly fought back, accusing State Attorney General Eric Schneiderman of overreaching, and scrambling to fix a lawsuit that it said was fatally flawed to begin with. In a proposed amended complaint, Schneiderman said Barclays had refused to let its top equities electronic trading executives, electronic trading chief William White and head of product development David Johnsen, answer his questions even though both have been subpoenaed.
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