LOS ANGELES–(BUSINESS WIRE)–$INFY—Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Infosys Limited (“Infosys” or the “Company”) (NYSE: INFY) investors concerning the Company and its officers’ possible violations of federal securities laws.
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On October 21, 2019, Infosys disclosed that it had received whistleblower complaints alleging “unethical practices” by the Company’s management to inappropriately boost short-term revenue and profit. Moreover, the complaints alleged that the Company’s Chief Executive Officer, Salil Parekh, bypassed reviews and approvals of large contracts to avoid accounting scrutiny.
On this news, the Company’s stock fell as much as $1.29, or over 12%, during intraday trading on October 21, 2019, thereby injuring investors.
If you purchased Infosys securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley F. Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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