Glancy Prongay & Murray LLP Continues Its Investigation Behalf of Infosys Limited Investors
LOS ANGELES--(BUSINESS WIRE)--Oct 23, 2019--
Glancy Prongay & Murray LLP (“GPM”) continues its 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 email@example.com, 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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View source version on businesswire.com:https://www.businesswire.com/news/home/20191023005223/en/
CONTACT: Glancy Prongay & Murray LLP, Los Angeles/New York
Lesley F. Portnoy, 310-201-9150 or 888-773-9224
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: Glancy Prongay & Murray LLP
Copyright Business Wire 2019.
PUB: 10/23/2019 01:00 PM/DISC: 10/23/2019 01:00 PM