Here’s more trouble for Infosys

AUS law firm filed a lawsuit seeking damages on behalf of Infosys investors in a New York court on Wednesday, posing fresh challenges for the embattled IT company that is facing increased regulatory scrutiny on whistleblower charges of financial malfeasance by top executives.
In India, the BSE has asked Infosys to explain why it did not make appropriate disclosures about the receipt of the whistleblower complaint in late September.
The exchange has asked the Bengaluru-headquartered company to provide an explanation citing Sebi regulations even as Infosys braces for an inquiry by the US Securities and Exchange Commission (SEC).
Meanwhile, news agency PTI reported that Sebi has begun a probe into the matter. ET could not independently verify this.