Institutional funds file 100 million pounds damages claim against Tesco

Some 125 institutional funds have filed a damages claim for more than 100 million pounds against British supermarket Tesco relating to its 2014 profit overstatement, the group coordinating the legal action said on Monday. Bentham Europe, which provides financial backing for group claims, said the legal action would seek to prove that Britain's biggest retailer breached the law by making misleading statements to the stock market that omitted material information and which were relied on by invest