Infosys Limited : American Depositary Shares Securities Litigation

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Lawsuit Overview

Defendant:Infosys Limited
Date Filed:October 23rd, 2019
Industry:EDP Services
Class Start Date:July 7th, 2019
Class End Date:October 20th, 2019

According to the Complaint, Infosys, with its subsidiaries, purports to provide consulting, technology, and outsourcing services in North America, Europe, India, and internationally.

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Company improperly recognized revenues to inflate short-term profits; (2) the Company's CEO bypassed reviews and approvals for large deals to avoid accounting scrutiny; (3) management pressured the Company's finance team to hide information from auditors and the Company's Board of Directors; and (4) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

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First Identified Complaint

Abhishek Batwara, et al. v. Infosys Limited, et al.

Date Filed:October 23rd, 2019
Class Period Start:July 7th, 2019
Class Period End:October 20th, 2019
First Identified Complaint Filings
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