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Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Infosys Limited (NYSE: INFY) from July 7, 2018 through October 20, 2019 (the “Class Period”). The lawsuit seeks to recover damages for Infosys Limited investors under the federal securities laws.
If you bought Infosys Limited securities between July 7, 2018 through October 20, 2019, and would like to join the action, please click “Join This Class Action,” above.
SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Infosys Limited – INFY
New York, N.Y., October 27, 2019. Zhang Investor Law a class action lawsuit on behalf of shareholders who bought shares of Infosys Limited (NYSE: INFY) between July 7, 2018 and October 20, 2019, inclusive (the “Class Period”).
To join the INFY class action, go to http://zhanginvestorlaw.com/cases/infosys-limited/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU NEED NOT BE A LEAD PLAINTIFF TO OBTAIN A RECOVERY.
According to the lawsuit, throughout the Class Period: (1) the Company improperly recognized revenues to inflate short-term profits; (2) the Company’s CEO, 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, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 23, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/infosys-limited/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at firstname.lastname@example.org.
Zhang Investor Law represents investors worldwide.