US Law Firms to investigate Infosys deals

Bengaluru Aug 19: A shock has been received by Infosys company.The global investor rights law firm, Rosen Law Firm, along with two other US law firms Bronstein, Gewirtz and Grossman and Pomerantz Law Firm will be investigating potential securities claims on behalf of shareholders of Infosys.

Rosen Law Firm claimed that the investigation is “resulting from allegations that Infosys may have issued materially misleading business information to the investing public.”

While Bronstein, Gewirtz and Grossman said that the investigation concerns whether “Infosys and certain of its officers and/or directors have complied with federal securities laws.”

Rosen Law Firm is also preparing a class-action lawsuit to recover losses suffered by Infosys investors.

However, this decision comes as a double blow because earlier on Friday the Company MD and CEO Vishal Sikka has quit and the internal rift in the company was thrown open to the public. Let's hope that company solves its issues Internally.