27-April-2024
Corporate News
 
Infosys on class-action suit: 'No additional complaints, except initial ones'
14-Dec-2019

A day after a US law firm filed a class-action lawsuit against Infosys, accusing it of giving "false" and "misleading" statements to the market, the tech services giant said there were no additional complaints against the company other than the initial ones. Infosys said Thursday's press communication by US-based The Schall Law Firm was done to apply for lead plaintiff status in the already-existing suit. "It is not uncommon for plaintiffs' lawyers to issue press releases or other media communications asking potential plaintiffs to contact them in order to apply for lead plaintiff status in an existing lawsuit," Infosys said.

News Source:- https://www.businesstoday.in/current/corporate/class-action-suit-against-infosys-there-are-no-additional-complaints-except-initial-ones/story/391989.html