NEW YORK, Dec. 19, 2014 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a securities class action has been filed in the United States District Court for the Southern District of New York on behalf of those who purchased shares of Tesco PLC ("Tesco" or the "Company") (OTC: TSCDY), during the period between April 17, 2013 and October 22, 2014, inclusive (the "Class Period").

On September 22, 2014, Tesco disclosed that it is investigating the overstatement of its profit forecast for 2015 by approximately $408.8 million. According to the Company, the overstatement of its 2015 forecast was due to the early booking of revenue and delayed recognition of costs.

On this news, shares of Tesco fell $1.68 or 14% during intraday trading to trade at $9.61 on September 22, 2014.

Plaintiff seeks to recover damages on behalf of all shareholders who purchased shares of Tesco during the Class Period described above.  

No Class has yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email info@bgandg.com. Those who inquire by e-mail are encouraged to include their mailing address and telephone number.  If you suffered a loss in Tesco you have until December 22, 2014 to request that the Court appoint you as lead plaintiff.  Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
info@bgandg.com

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SOURCE Bronstein, Gewirtz & Grossman, LLC