LLOY/TSCO/MRW2 Apr 2015 16:24
I see a greater similarity with MRW's illegal over-payment of dividends for the last 2 years, surely a case could be made for BOD negligence, resulting in the deception of MRW shareholders?
The TSCO ambulance chasers case is that 'A permanent destruction of value has occurred and had the accounting irregularities not taken place the share price, and value of the company, would today be materially higher," Would seem to fall at the 1st hurdle, as TSCO SP is 50% higher since xmas..
It said it expected the claim, open to any institutional shareholder that bought shares in Tesco prior to the firm's Sept. 22 announcement, to be in the region of 50-70 pence per share.