The Rosen Law Firm announces that it is investigating potential securities claims against Tesco PLC (OTC:TSCDY) resulting from allegations that the Company may have issued materially misleading business information to the investing public.

Tesco, together with its subsidiaries, operates as a grocery retailer. On September 22, 2014, Tesco disclosed that it is investigating the overstatement of its profit forecast for 2015 by approximately $408.8 million. According to the Company, the overstatement of its 2015 forecast was due to the early booking of revenue and delayed recognition of costs. On this news, shares of Tesco fell $1.68 per share, or by over 14%, to close at $9.61 on September 22, 2014.

The Rosen Law Firm is preparing a class action lawsuit as a result of this adverse information. If you purchased Tesco ADRs on or before September 22, 2014, please visit the website at http://rosenlegal.com/cases-383.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Laurence Rosen, Esq.Phillip Kim, Esq.Kevin Chan, Esq.The Rosen Law Firm, P.A.275 Madison Avenue 34th FloorNew York, NY 10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212) 202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com

Tesco (PK) (USOTC:TSCDY)
Historical Stock Chart
Von Okt 2024 bis Nov 2024 Click Here for more Tesco (PK) Charts.
Tesco (PK) (USOTC:TSCDY)
Historical Stock Chart
Von Nov 2023 bis Nov 2024 Click Here for more Tesco (PK) Charts.