NEW YORK, Aug. 18, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Infosys Limited ("Infosys" or the "Company") (NYSE: INFY). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/infy.
The investigation concerns whether Infosys and certain of its officers and/or directors have complied with federal securities laws.
On August 18, 2017, Infosys 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." Following this news, Infosys American Depositary Receipts has dropped as much as $1.43 per share, or nearly 9%, during intraday trading on August 18, 2017.
If you are aware of any facts relating to this investigation, or purchased Infosys shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/infy. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.