BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an 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.
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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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