Harwood Feffer LLP Announces Investigation of Tesco PLC

NEW YORK, Oct. 2, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against Tesco PLC ("Tesco" or the "Company") (OTC: TSCDY) and certain of its executive officers concerning whether the federal securities laws have been violated.

On September 22, 2014, Tesco disclosed that it may have overstated its profit forecast for 2015 by approximately $408 million.  If there was an overstatement, it may have been due to the improper early booking of revenue and delayed recognition of costs.  A number of people, including four senior executives, have been suspended pending the outcome of an internal investigation into the allegations. 

If you own Tesco American Depositary Receipts and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
                          (212) 935-7400
Email:  bsachsmichaels@hfesq.com
Website:   http://www.hfesq.com 
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

Attorney Advertising. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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SOURCE Harwood Feffer LLP