Tesco in $12 million U.S. settlement over accounting scandal

By Jonathan Stempel NEW YORK (Reuters) - Tesco Plc has agreed to pay $12 million (8 million pounds) to settle a U.S. shareholder lawsuit claiming that accounting irregularities inflated the share price of Britain's largest retailer. The all-cash settlement was disclosed in filings on Wednesday in the U.S. District Court in Manhattan, and requires court approval. Tesco denied wrongdoing in agreeing to settle, court papers show.