BOSTON, MA / ACCESSWIRE / November 8, 2019 / A lawsuit has been filed against Infosys Limited ("Infosys" or the "Company") (NYSE:INFY) alleging that Infosys violated the federal securities laws. Investors who purchased INFY American Depository Shares (ADS) between July 7, 2018 and October 20, 2019, and are interested in learning more about the case or participating as a lead plaintiff, are encouraged to submit your information to the Thornton Law Firm, which is investigating this matter on behalf of INFY shareholders, by clicking on the link below. Investors may also email the firm to obtain information at [email protected] or call (617) 531-3917.
FOR MORE INFORMATION, VISIT: WWW.TENLAW.COM/CASES/INFY
Infosys and its subsidiaries provide consulting, technology, and outsourcing services in North America, Europe, India, and internationally. The lawsuit against Infosys alleges, among other things, that Infosys failed to disclose to investors that the Company improperly recognized revenues to inflate short-term profits, that the Company's CEO bypassed reviews and approvals for large deals to avoid accounting scrutiny, and that Infosys management pressured the Company's finance team to hide information from auditors and the Company's Board of Directors.
Investors who purchased INFY depository shares between July 7, 2018 and October 20, 2019 are encouraged to contact the Thornton Law Firm's shareholder rights team by submitting your information at www.tenlaw.com/cases/infy. Interested INFY shareholders have until December 23, 2019 to apply to be lead plaintiff. The class has not yet been certified. Until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Thornton Law Firm's securities attorneys are highly experienced in representing individual shareholders and institutional investors in recovering damages caused by violations of the securities laws. Its attorneys have established track records litigating securities cases in courts throughout the country and recovering losses on behalf of shareholders. This may be considered Attorney Advertising in some jurisdictions. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
SOURCE: Thornton Law Firm LLP