According to the Complaint, Infosys Limited, with its subsidiaries, purports to provide consulting, technology, and outsourcing services in North America, Europe, India, and internationally.

The Complaint alleges that Defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) the Company improperly recognized revenues to inflate short-term profits; (2) the Company’s CEO 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.

On January 10, 2020, the Court appointed Lead Plaintiff and Counsel. This case was voluntarily dismissed on May 21.