Press release
Deadline on Dec. 23rd coming up in Lawsuit that was filed for Investors in Infosys Limited (NYSE: INFY)
A Deadline is coming up on December 23, 2019 in the lawsuit for certain investors in Infosys Limited (NYSE: INFY).
Investors who purchased shares of Infosys Limited (NYSE: INFY) have certain options and there are strict and short deadlines running. Deadline: December 23, 2019. NYSE: INFY stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges on behalf of purchasers of Infosys Limited (NYSE: INFY) common shares between July 7, 2018 and October 20, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between July 7, 2018 and October 20, 2019, the defendants made false and/or misleading statements and/or failed to disclose that the Company improperly recognized revenues to inflate short-term profit, that the Company’s CEO, Salil Parekh, bypassed reviews and approvals for large deals to avoid accounting scrutiny, that management pressured the Company’s finance team to hide information from auditors and the Company’s Board of Directors, and that 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. When the true details entered the market, the lawsuit claims that investors suffered damages.
Those who purchased shares of Infosys Limited (NYSE: INFY) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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