Tesco Investors Sue U.K. Retailer Over 2014 Accounting Scandal

  • Claim relates to 326 million-pound profit overstatement
  • Action filed in U.K. by more than 125 institutional investors

An employee picks shopping for home delivery at a Tesco Plc supermarket in Basildon, U.K.

Photographer: Chris Ratcliffe/Bloomberg

More than 125 institutional investors sued Tesco Plc, seeking in excess of 100 million pounds ($122 million) over the U.K. grocer’s 2014 profit overstatement.

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