Tesco shares fall on lawsuit

Tesco shares have fallen as the retailer faces a new claim for damages from an investor, in relation to its 2014 profit overstatement.

Tesco shares fall on lawsuit
Thu, 26 Jan, 2017 - 00:00
James Davey

A spokesman for the supermarket group said it was aware of a claim filed by Manning and Napier, the US fund manager, and would be filing a defence shortly.

Manning and Napier declined to comment.

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CourtsBusinessFinanceEconomyTescoShareslawsuitPlace: USPlace: UKPlace: LondonPerson: ManningPerson: NapierPerson: Christopher BushPerson: Carl RogbergPerson: John ScoulerPerson: Philip ClarkePerson: Kevin GracePerson: Dave LewisPerson: ClarkeOrganisation: TescoOrganisation: Financial TimesOrganisation: Tesco UKOrganisation: Serious Fraud OfficeOrganisation: SFO
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