Tesco shares / fraudulent reporting.

[righty]

Re: Tesco shares / fraudulent reporting.

I would hope you win but I would expect Tesco to fight this fearing it will open the floodgates or try for a settlement with a confidentiality clause.
This will have if you win and its publicised serious ramifications for the whole share buying industry .

Again I will be hoping you win please keep us informed this is a very interesting case

Too late the 'flood gates' have already opened the Yanks are way ahead of us in that matters are already in the hands of their courts. Also I suspect that if we don't prosecute them their Justice Department might be looking to do a Nat West 2 by having those considered responsible extradited to the States for trial

[righty]

Re: Tesco shares / fraudulent reporting.

What would you say if Tesco offered to buy your shares back for the £10000 you paid?

Oh dear!:tinysmile_aha_t: that would be an admission of guilt

[righty]

Re: Tesco shares / fraudulent reporting.

Sean would you mind if I gave this thread link to a lawyer in the States?????

[righty]

Re: Tesco shares / fraudulent reporting.

Dave Lewis, the new ex_Unilever CEO, said yesterday that the "accounting errors" seem to have been made for several years.
I referred to the 2013 annual accounts, which are now clearly false. They declare profits not realised.

I suspect their auditors will also be in deep do do

[meellis]

Re: Tesco shares / fraudulent reporting.

Out of interest who are the Auditors for Tesco, might be useful for another reason.

[righty]

Re: Tesco shares / fraudulent reporting.

Its these http://www.pwc.co.uk/audit-assurance/

[righty]

Re: Tesco shares / fraudulent reporting.

Read this http://www.theguardian.com/commentis...tants-auditors

[sean5302]

Re: Tesco shares / fraudulent reporting.

Sean would you mind if I gave this thread link to a lawyer in the States?????

Please do.
Every little helps, as I've read somewhere.
Yes, the more of us on the case, so much the better.

[sean5302]

Re: Tesco shares / fraudulent reporting.

What would you say if Tesco offered to buy your shares back for the £10000 you paid?

I'd thank them graciously and bank my money.
I don't seek a penny more or a penny less than I paid.

[DavidGreene]

Re: Tesco shares / fraudulent reporting.

S90A FSMA is the route for shareholders; have to buy or hold, relying on published information (note no presumption of reliance unlike US) and suffer loss as a result of false info or withholding true info. See "Shareholder Claims" published by ******s
David Greene Edwin Coe LLP

[righty]

Re: Tesco shares / fraudulent reporting.

All of Tesco's major suppliers here and abroad such as Lever et'al are also conducting audits to see if they've been shafted by Tesco

[sean5302]

Re: Tesco shares / fraudulent reporting.

S90A FSMA is the route for shareholders; have to buy or hold, relying on published information (note no presumption of reliance unlike US) and suffer loss as a result of false info or withholding true info. See "Shareholder Claims" published by ******s
David Greene Edwin Coe LLP

Thank goodness for this Forum, in general, and you in particular.
That is exactly what I need.
I'm very grateful.

[righty]

Re: Tesco shares / fraudulent reporting.

S90A FSMA is the route for shareholders; have to buy or hold, relying on published information (note no presumption of reliance unlike US) and suffer loss as a result of false info or withholding true info. See "Shareholder Claims" published by ******s
David Greene Edwin Coe LLP

David as an expert on such matters is your firm looking to start a class action against Tesco's ???????

[sean5302]

Re: Tesco shares / fraudulent reporting.

0000

[DavidGreene]

Re: Tesco shares / fraudulent reporting.

In the US they will pursue only shares/ADRs issued there, no home for Europeans buying in UK market I fear as a result of Morrison decision by US Supreme Court.