NEW YORK–(BUSINESS WIRE)–Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Infosys Limited (“Infosys” or the “Company”) (NYSE: INFY) resulting from allegations that Infosys might have issued misleading information to the investing public.
If you purchased Infosys securities, and/or would like to discuss your legal rights and options please visit Infosys Shareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].
On October 21, 2019, the Company announced that it received whistleblower complaints alleging “unethical practices” by Infosys’ executives to substantially boost short-term revenue. A group sent letters to Infosys’ Board and the U.S. Securities and Exchange Commission alleging that the Company had taken “unethical” steps to inappropriately boost short-term revenue and profit.
It is also alleged that the Company’s Chief Executive Officer, Salil Parekh, was bypassing standard reviews of large contracts in order to skirt accounting scrutiny.
On this news, the Company’s shares fell sharply during intraday trading on October 21, 2019.
If you purchased Infosys securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/infosyslimited-infy-shareholder-class-action-lawsuit-stock-fraud-206/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for ten consecutive years.
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Contacts
Matthew E. Guarnero
Bernstein Liebhard LLP
http://www.bernlieb.com
(877) 779-1414
[email protected]
