Infosys

Class-Actions Aug 21, 2017

Vishal Sikka Resigns: Infosys Board Didn’t Trigger His Exit to Cause Losses, US Investors’ Class Action Suit Will Fail

A few US institutional investors are planning to file a class action suit against the board of Directors of Infosys Technologies Ltd (Infosys) which is in the eye of a storm following resignation by its CEO cum MD Vishal Sikka. Infosys is listed both in India and in the USA. The US listing became necessary after Infosys raised capital through public issue made there in the form of American …

Class-Actions Aug 21, 2017

Class-Action Trouble for Infosys?

There is always a huge cost to pay if you wash your dirty linen in public. If the cost were to come in the form of class-action suits, it could turn even more expensive. A class-action suit now seems inevitable given what happened at Infosys this past week.

Lawsuits Aug 21, 2017

A Day After Vishal Sikka’s Exit as CEO, 3 US Law Firms File Suits Against Infosys

At least three US-based law firms sent out statements on Saturday saying they would initiate class-action lawsuits against Infosys for unlawful business practices, an exercise that is not uncommon with US-listed companies every time they go through a change, especially in the case of mergers and acquisitions. A day after Infosys chief executive Vishal Sikka stepped down from his role at India’s …