Not aware of any fresh lawsuit in US: Infosys
Updated : December 13, 2019 02:48 PM IST
Infosys said that it is "not uncommon" for plaintiff's lawyers asking potential plaintiffs to contact them, for applying lead plaintiff status.
According to the law firm, Infosys made false and misleading statements to the market and used improper recognition of revenue to boost short-term profits.
This came months after a whistleblower complained against Infosys and its CEO Salil Parekh on similar lines
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more