SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

December 01, 2014 12:29 ET

SHAREHOLDER ALERT: LEVI & KORSINSKY, LLP Reminds Investors of Class Action Against Tesco PLC and Its Board of Directors and a Lead Plaintiff Deadline of December 22, 2014 -- TSCDY

NEW YORK, NY--(Marketwired - Dec 1, 2014) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Tesco PLC ("Tesco" or the "Company") (OTCBB: TSCDY) securities between February 2, 2014 and September 22, 2014. The complaint alleges that Tesco misstated and/or failed to disclose material adverse facts regarding its profit and business revenues.

For more information, click here: http://zlk.9nl.com/tesco-tscdy.

On September 22, 2014, the Company announced it had overstated its expected profit for the half year by £250 million (US$402 million), and that it had accelerated recognition of income and delayed accrual of certain costs.

If you suffered a loss in Tesco you have until December 22, 2014 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/tesco-tscdy

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • CONTACT:
    Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (866) 367-6510
    www.zlk.com