NEW YORK, Dec. 19, 2014 /PRNewswire/ -- Attorney
Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies
investors that a securities class action has been filed in the
United States District Court for the Southern District of
New York on behalf of those who
purchased shares of Tesco PLC ("Tesco" or the "Company") (OTC:
TSCDY), during the period between April 17,
2013 and October 22, 2014,
inclusive (the "Class Period").
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 or 14% during intraday trading to trade at
$9.61 on September 22, 2014.
Plaintiff seeks to recover damages on behalf of all shareholders
who purchased shares of Tesco during the Class Period described
above.
No Class has yet been certified in the above action. If you wish
to review a copy of the Complaint, to discuss this action, or have
any questions, please contact Peretz
Bronstein, Esq. or his Investor Relations Coordinator
Eitan Kimelman of Bronstein, Gewirtz
& Grossman, LLC at 212-697-6484 or via email info@bgandg.com.
Those who inquire by e-mail are encouraged to include their mailing
address and telephone number. If you suffered a loss in Tesco
you have until December 22, 2014 to
request that the Court appoint you as lead plaintiff. Your
ability to share in any recovery doesn't require that you serve as
a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation
boutique. Our primary expertise is the aggressive pursuit of
litigation claims on behalf of our clients. In addition to
representing institutions and other investor plaintiffs in class
action security litigation, the firm's expertise includes general
corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not
guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com
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