Class action lawsuit against Infosys dismissed in US

Bengaluru: Infosys Ltd said on Friday the class action lawsuit filed against the company and certain of its current and former officers in a United States court last year, alleging claims for violations of the US federal securities laws, has been dismissed.

As previously announced, in October 2019, a class action lawsuit was filed in the United States District Court against the company and certain of its current and former officers, the Bengaluru-headquartered company noted in a filing to stock exchanges.

The complaint, which was filed in the Eastern District of New York, was brought on behalf of a class consisting of persons or entities who purchased the company s publicly traded securities between July seven, 2018 and October 20, 2019, and alleged claims for violations of the US federal securities laws, the company said.

READ:  Petrol, diesel prices remain static 3 days in a row

On May 21, 2020, the plaintiff voluntarily dismissed the lawsuit without prejudice , it said.

Subscribe us on The Siasat Daily - Google News
Back to top button