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Tesco Market Abuse

Jones Day

Tesco to Pay Compensation of £85 m and Further Fine of £129 m for Market Abuse

Jones Day on

On 28 March 2017, the FCA announced that Tesco plc and Tesco Stores Limited ("Tesco") had agreed to committing market abuse in relation to a trading update published on 29 August 2014. In that update, Tesco plc had stated...more

Latham & Watkins LLP

Firsts for UK SFO with in principle false accounting DPA, and for FCA with market abuse compensation, against Tesco

Latham & Watkins LLP on

Following a two-year investigation, Tesco PLC has announced that its subsidiary Tesco Stores Limited (Tesco Ltd) had agreed in principle the terms of a Deferred Prosecution Agreement (DPA) with the UK Serious Fraud Office...more

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