Three U.S. law firms have announced investigation against Infosys Ltd. on the claims of securities fraud and/or other unlawful business practices by shareholders, just a day after the dramatic exit of managing director and chief executive officer Vishal Sikka.
Bronstein, Gewirtz & Grossman, Pomerantz Law Firm, and Rosen Law Firm, issued a statement on their websites saying they have started the investigation against Infosys over concerns that Asia's second largest software services developer may have issued materially misleading business information to the investing public.
Bronstein, Gewirtz & Grossman, LLC said it is investigating potential claims on behalf of purchasers of Infosys. “The investigation concerns whether Infosys and certain of its officers and/or directors have complied with federal securities laws.”
Separately, US Law firm Rosen Law Firm is preparing a class action suit against Infosys to recover the losses suffered by Infosys shareholders.
Also Read: Infosys Board Approves Rs 13,000 Crore Share Buyback
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