Legislation360, London (February 23, 2021, 4:40 PM GMT) — A further wave of institutional investors have sued Tesco PLC in London more than a wrong accounting scandal that damaged the British grocery giant’s share cost and has already charge the chain £300 million ($421 million).
A group of additional than five dozen institutional investors have submitted the Higher Court docket lawsuit towards Tesco around an accounting scandal. (iStock)
A team of much more than 5 dozen institutional buyers, together with insurer Allianz, Kuwait’s sovereign prosperity fund and the retirement cash for New York public employees, submitted the Substantial Courtroom lawsuit, which has now been made general public, in September 2020.
Tesco has already been hit with two lawsuits introduced by institutional…
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