Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Infosys Limited INFY resulting from allegations that Infosys may have issued materially misleading business information to the investing public.
On August 18, 2017, Infosys announced the resignation of its Chief Executive Officer, Vishal Sikka. Sikka's resignation comes amid criticism by Infosys' founders of decisions by Infosys' board, including executive compensation and severance payouts. Sikka's resignation letter stated: "Over the last many months and quarters, we have all been besieged by false, baseless, malicious and increasingly personal attacks…This continuous drumbeat of distractions and negativity…inhibits our ability to make positive change and stay focused on value creation." On this news, shares of Infosys fell sharply during intraday trading on August 18, 2017.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Infosys investors. If you purchased shares of Infosys, please visit the firm's website at http://www.rosenlegal.com/cases-1197.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.
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