NEW YORK–(BUSINESS WIRE)–#infosys–Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, is investigating potential claims against Infosys Limited (NYSE: INFY) on behalf of Infosys stockholders. Our investigation concerns whether Infosys has violated the federal securities laws and/or engaged in other unlawful business practices.
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On October 21, 2019, Infosys disclosed that it had received whistleblower reports alleging “unethical practices” by the company’s executive management. An unnamed 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. These letters 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 price of Infosys shares fell by more than 16% to close at $9.29 per share.
If you purchased or otherwise acquired Infosys shares and suffered a loss, or you’re interested in learning more about the investigation or your legal rights and remedies, please contact Brandon Walker or Melissa Fortunato by email at firstname.lastname@example.org, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.