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Rosenblatt is compiling a list of potential claimants for an action against Tesco plc

19/05/2017

Rosenblatt is compiling a list of potential claimants for an action against Tesco plc (“Tesco”) as a result of its market abuse between 2013-2015. During that time, executives at Tesco intentionally manipulated its trading profits and made misleading statements to the stock market that omitted material information, resulting in potential losses for investors who had relied on that information when making investment decisions.

Commenting on the potential group action, Tania MacLeod, Managing Partner, said:

“We believe the FCA compensation scheme does not extend far enough. What is beyond doubt is that, even on the findings of Tesco’s own investigation, the reporting of its financial information was overstated long before 29 August 2014 and thus there is a likelihood that investors bought stock at inflated prices going back to at least 2013. If you are a retail investor and bought and/or sold Tesco shares or bonds during this period, and are interested in being part of a group to bring a claim please complete our expression of interest form at: http://rosenblatt-law.co.uk/tesco-potential-client-form/

If you have any questions regarding the process, please email: infotescoteam@rosenblatt-law.co.uk

© Rosenblatt Solicitors 2017
Rosenblatt is authorised and regulated by the Solicitors Regulation Authority (SRA No. 00070109). The registered address and principal place of business is 9-13 St. Andrew Street, London EC4A 3AF.
You can access the rules by which we are regulated by following this link - www.sra.org.uk/solicitors/code-of-conduct.page. Rosenblatt is registered for Value Added Tax in the United Kingdom under registration number GB 523 0713 85.
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