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Tesco in $12 mln U.S. settlement over accounting irregularities

Reuters - UK Focus

NEW YORK, Nov 25 (Reuters) - Tesco Plc (Xetra: 852647 - news) has agreed to pay $12 million to settle a U.S (Other OTC: UBGXF - news) . shareholder lawsuit over accounting irregularities at Britain's largest retailer.

The all-cash settlement was disclosed in filings on Wednesday in the U.S. District Court in Manhattan (Hamburg: 32U.HM - news) . It (Other OTC: ITGL - news) requires court approval. (Reporting by Jonathan Stempel in New York; Editing by Chris Reese)