EQUITY ALERT: The Rosen Law Firm Announces Investigation of Securities Claims Against Tesco PLC

The Rosen Law Firm announces that it is investigating potential securities claims against Tesco PLC (OTC:TSCDY) resulting from allegations that the Company may have issued materially misleading business information to the investing public.

Tesco, together with its subsidiaries, operates as a grocery retailer. On September 22, 2014, Tesco disclosed that it is investigating the overstatement of its profit forecast for 2015 by approximately $408.8 million. According to the Company, the overstatement of its 2015 forecast was due to the early booking of revenue and delayed recognition of costs. On this news, shares of Tesco fell $1.68 per share, or by over 14%, to close at $9.61 on September 22, 2014.

The Rosen Law Firm is preparing a class action lawsuit as a result of this adverse information. If you purchased Tesco ADRs on or before September 22, 2014, please visit the website at http://rosenlegal.com/cases-383.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

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