NEW YORK, Oct. 16, 2014 (GLOBE NEWSWIRE) -- The Rosen Law Firm announces that it is continuing its investigation of 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 October 14, 2014 Bloomberg published an article stating that the Company suspended three more employees amid a widening independent probe into a 250 million-pound (US$400 million) overstatement of estimated profit, which has caused Tesco's stock to decline, damaging investors.
The Rosen Law Firm is preparing a class action lawsuit as a result of this adverse information. If you purchased Tesco stock on or before October 14, 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.
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