Law360, London (September 7, 2020, 4:00 PM BST) — An American investment manager has dropped its $215 million lawsuit against Tesco PLC in London over an accounting scandal that hammered the British grocery chain’s stock, ending a lengthy and complex securities case months before a trial was due to start. […]
Law360, London (September 7, 2020, 4:00 PM BST) — An American investment manager has dropped its $215 million lawsuit against Tesco PLC in London over an accounting scandal that hammered the British grocery chain’s stock, ending a lengthy and complex securities case months before a trial was due to start.
The agreement means the grocery chain avoids a hearing in October to determine whether it owed investors damages. (AP Photo/Alastair Grant)
The lawsuit filed by Manning & Napier Fund Inc. and its Exeter Trust Company was dismissed by High Court Judge Robert Hildyard in a judgment on Sept. 2 , according to court records.
It was not immediately clear whether the…
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!
Stock Market Outlook: A calm in the US-China trade war has seen the US stock market tick higher and an impressive start to earnings season has helped bolster its standing With a relatively stable fundamental backdrop, the market can look to earnings season for direction In the week ahead, 25% […]