Fideres announces book-building effort to bring institutional group action against Tesco


On November 24, 2014, Fideres announced its book-building effort to bring an institutional group action against Tesco for its recent overstatement of profits. Specifically, Fideres is looking to make contact with institutional investors who held Tesco shares and were, therefore, potentially damaged by the drop in Tesco’s share price following the announcement of its profit overstatement. More information can be found here.