Class action lawsuit dismissed against Infosys

BENGALURU: A class action suit that alleged violation of the U.S. federal securities laws by InfosysNSE 2.50 % was dismissed on Thursday, the company said in a regulatory filing.

In October 2019, a class action lawsuit was filed in the United States District Court against the Company and certain of its current and former officers. The complaint, which was filed in the Eastern District of New York, was brought on behalf of a class consisting of persons or entities who purchased the Company’s publicly traded securities between July 7, 2018 and October 20, 2019.

The suit alleged claims for violations of the US federal securities laws. On May 21, 2020, the plaintiff voluntarily dismissed the lawsuit without prejudice.