An investigation for investors in Infosys Ltd ADR (NYSE:INFY) shares over potential securities laws violations by Infosys Ltd was announced and NYSE:INFY stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/21/2017 -- An investigation was announced for investors of Infosys Ltd ADR (NYSE:INFY) shares over potential securities laws violations by Infosys Ltd in connection with certain financial statements.
Investors who purchased shares of Infosys Ltd ADR (NYSE:INFY), have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by Infosys Ltd regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On August 18, 2017, Infosys Ltd ADR announced the resignation of its Chief Executive Officer, Vishal Sikka. Sikka's resignation followed criticism by the Company's founders of certain decisions by its board, including executive compensation and severance payouts. Sikka's resignation letter stated, in part: "Over the last many months and quarters, we have all been besieged by false, baseless, malicious and increasingly personal attacks"; and "This continuous drumbeat of distractions and negativity . . . inhibits our ability to make positive change and stay focused on value creation." Shares of Infosys Ltd ADR (NYSE:INFY) declined on August 18, 2017 to $14.49 per share.
Those who purchased shares of Infosys Ltd ADR have certain options and should contact the Shareholders Foundation.
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