Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of purchasers of the securities of Tesco PLC (“Tesco” or the “Company”) (OTC:TSCDY) between February 2, 2014 and September 22, 2014, inclusive (the “Class Period”).

Tesco operates as a grocery retailer through stores offering food, groceries, clothing and general merchandise. The complaint alleges that Tesco made false and/or misleading statements and failed to disclose material adverse facts about the Company’s operations and financial performance. Specifically, on September 22, 2014, Tesco announced that it had overstated its expected profit for the half year by approximately £250m ($402 million) and that it had accelerated recognition of income and delayed accrual of certain costs. When this adverse information became known, the Company's share prices declined nearly 15%, from $11.29 per share on September 19, 2014, to $9.61 per share on September 22, 2014.

To date, at least eight Tesco executives have been suspended due to the allegedly fraudulent activities occurring at the Company, and the Chairman of the Board has resigned, after an independent audit conducted by Deloitte consultants determined that executives at the Company “deliberately misled its auditors and accountants to flatter its financial results.”

If you are a member of the Class described above, you have until December 22, 2014, to move the Court to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If wish to learn more about this action, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

Law Offices of Howard G. SmithHoward G. Smith, Esquire(215) 638-4847(888) 638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com

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