The publisher of the Daily Mirror and The People in Britain saw its shares fall nearly 10% today after it emerged that claims of alleged phone hacking had been lodged against its newspapers.
Media lawyer Mark Lewis is dealing with phone-hacking claims for four high-profile individuals in the first action to be launched against newspapers outside Rupert Murdoch's News International.
Former England football manager Sven-Goran Eriksson has filed a complaint alleging hacking at the Daily Mirror at a time when Piers Morgan was editor.
Mr Morgan has repeatedly denied any involvement in the practice.
The three other claimants are Coronation Street actress Shobna Gulati, Abbie Gibson, a former nanny for the Beckham family, and Garry Flitcroft, the former captain of Blackburn Rovers football team.
They involve the Sunday Mirror and The People.
Parent company Trinity Mirror saw around £17m wiped from its market value after the allegations emerged.
It said it had "not yet received any claims nor have we been provided with any substantiation for those claims".
It added: "As we have previously stated, all our journalists work within the criminal law and the Press Complaints Commission Code of Conduct."
The claims allege "breach of confidence and misuse of private information" relating to the "interception and/or misuse of mobile phone voicemail messages and/or the interception of telephone accounts". No further details have been filed.
The claims come weeks before Justice Leveson is due to unveil his proposals for the UK press amid speculation that he is set to recommend statutory regulation.