Retail giant Tesco PLC (LON:TSCO) is reportedly facing a fresh claim for damages from an investor over its 2014 accounts overstatement scandal.
The Financial Times reported that US fund manager Manning & Napier alleges it suffered losses of US$212mln because of Tesco's accounting irregularities.
A spokesman for the supermarket group told Reuters that it was aware of the claim filed by the US fund manager, and would be filing a defence shortly, while the newswire said Manning & Napier declined to comment.
Tesco is already defending a more than £100mln claim from a group of 125 institutional investors that was filed last October.
The retailer revealed in September 2014 that it had identified a £250mln overstatement of its first-half profit, mainly because it booked commercial deals with suppliers too early.
The discovery led to the suspension of eight senior members of staff, and sent Tesco's shares tumbling.
Three former senior executives of Tesco accused of fraud and false accounting are due to stand trial in September this year.
Late last year it emerged that Tesco’s former chief executive, Philip Clarke and Kevin Grace, its former group commercial director, would not face charges.
The profit overstatement, which was identified three weeks after Dave Lewis took over from Clarke as the supermarket firm’s boss, was later raised to £263mln.
In November 2015 Tesco agreed to pay $12mln to settle a US shareholder lawsuit related to the overstatement, although the retailer denied any wrongdoing.