US Firms Seeking Millions From Tesco Can View SFO Docs

Law360, London (January 25, 2019, 9:08 PM GMT) -- Investment companies demanding hundreds of millions of pounds from Tesco following its false accounting scandal are entitled to view documents held by the U.K. supermarket giant that were originally provided by the Serious Fraud Office, a London judge ruled on Friday.

U.S. investment firms claim they suffered major losses during false accounting that wiped nearly £2 billion ($2.6 billion) off the value of Tesco in 2014. (AP) U.S. firms Manning & Napier Fund Inc. and Exeter Trust Co. say they suffered major losses during false accounting that wiped nearly £2 billion ($2.6 billion) off the retail chain’s value in 2014. Along...

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