You are here

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

tesco.jpg
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.

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...