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Tesco Denied Bid to Join Investor Suits In New York

By Shayna Posses ( February 4, 2016, 12:15 PM EST) -- The U.S. Judicial Panel on Multidistrict Litigation rejected Tesco PLC's bid to consolidate securities suits alleging the U.K. grocery chain overstated its income by £250 million ($364.6 million), saying precedent doesn't support consolidation when six of the seven actions are nearing a settlement....

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