The Law Offices of Frank R. Cruz ("FRC") 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.
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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 ("CEO"), Salil Parekh, bypassed reviews and approvals of large contracts to avoid accounting scrutiny.
On this news, the Company’s share price fell $1.28, or over 12%, to close at $9.29 per share on October 21, 2019, thereby injuring investors.
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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 Frank R. Cruz, of FRC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to email@example.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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