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Tesco will pay US$12m to settle suit over accounting scandal

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Published Thu, Nov 26, 2015 · 09:50 PM

    New York

    TESCO plc has agreed to pay US$12 million to settle a US shareholder lawsuit claiming that accounting irregularities inflated the share price of Britain's largest retailer.

    The all-cash settlement was disclosed in filings on Wednesday in the US District Court in Manhattan, and requires court approval.

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