A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Tesco PLC (ADS) (OTC: TSCDY) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on May 5, 2016 and OTC: TSCDY investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 05/04/2016 --The Shareholders Foundation announced that a deadline is coming up on May 5, 2016 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Tesco PLC (ADS) (OTC:TSCDY) between April 18, 2012 and September 22, 2014.

Investors who purchased a significant amount of shares of Tesco PLC (ADS) (OTC:TSCDY) between April 18, 2012 and September 22, 2014, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call 858-779-1554.

The settlement proof of claim form or detailed settlement notice for the settlement in the Tesco PLC (ADS) (OTC:TSCDY) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/tesco-plc-ads-otc-tscdy-investor-securities-class-action-lawsuit-10232014

In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is May 5, 2016. The class action administrator for this case is Epiq Systems Inc.

The lawsuit was originally filed in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Tesco PLC in connection with certain allegedly false and misleading statements made between February 2, 2014 and September 22, 2014. According to the complaint the plaintiff alleges on behalf of purchasers of Tesco PLC (ADS) (OTC:TSCDY) common shares between February 2, 2014 and September 22, 2014, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that Tesco PLC made false and/or misleading statements, as well as failed to disclose material adverse facts.

Those who purchased shares of Tesco PLC (ADS) (OTC:TSCDY) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com