Levi & Korsinsky Announces Infosys Class Action Investigation; INFY Lawsuit

Class Action Reports

Levi & Korsinsky Announces Infosys Class Action Investigation; INFY Lawsuit

Levi & Korsinsky, LLP

October 25, 2019

Levi & Korsinsky, LLP announces that a INFY class action lawsuit has been commenced on behalf of investors who purchased Infosys Limited, (INFY) securities between July 7, 2018 and October 20, 2019. For more on the Infosys Class Action please contact us today.

According to the Infosys lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company improperly recognized revenues to inflate short-term profits; (2) Chief Executive Officer Salil Parekh bypassed reviews and approvals for large deals to avoid accounting scrutiny; (3) management pressured the Company’s finance team to hide information from auditors and the Company’s Board of Directors; and (4) as a result of the aforementioned misconduct, Defendants’ statements about Infosys’s business, operations, and prospects were materially false and/or misleading and/or lacked a reasonable basis at all relevant times.

TO LEARN MORE ABOUT THE INFY CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/infosys-limited-loss-form?wire=3

If you suffered a loss in Infosys you have until December 23, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

jlevi@levikorsinsky.com

Tel: (212) 363-7500

Fax: (212) 363-7171

www.zlk.com