By John Glenday

Tesco shareholders rankled by Tesco’s recent profit overstatements have recruited a top City barrister to fight their cause against the retail group, in a bid to claim redress.

Reports from Sky News suggest Philip Marshall QC will represent Tesco Shareholder Claims, the umbrella group for burned investors in the supermarket chain who were left nursing significant losses when the firms share price slumped amidst last autumn’s accounting scandal.

The group is believed to include a number of institutional investors as well as private individuals, adding to the legal woes headed Tesco’s way.

For its part Tesco has vowed to defend itself in court, Read full story ›

Source: The Drum