The claim described an earlier position that has since changed.
Infosys's April 2020 results said a shareholder class action over the allegations was pending in the Eastern District of New York and the company could not predict its outcome.
The Company is presently unable to predict the scope, duration or the outcome
- About
- Infosys Limited
- Claim made by
- Infosys Limited, company statement
- Published
- 20 April 2020
- Evidence score
- 70 How it was scored
- Last reviewed
- 25 October 2026
Why this label
The April 2020 results disclosed a shareholder class action in the Eastern District of New York and said the company could not predict its outcomeS1. A month later, on 21 May 2020, the plaintiff voluntarily dismissed the lawsuit without prejudice, according to a PTI report citing the companyS5. The pending status described in April 2020 no longer applies. The dismissal was without prejudice, so it was not a ruling that the claims lacked merit. This review did not read the court docket. No refiled suit was found in later searches.
Current procedural position
Shareholder class action filed in the US District Court for the Eastern District of New York in 2019S1. Voluntarily dismissed without prejudice on 21 May 2020S5.
Record supporting the assessment
the plaintiff voluntarily dismissed the lawsuit without prejudice
Conflicting or limiting record
a shareholder class action lawsuit was filed in the United States District Court for the Eastern District of New York
Evidence score: 70 of 100
The score grades how well the record establishes this assessment. It is not a score of Infosys Limited. Score = source authority + directness + corroboration + procedural accuracy + currency + reproducibility.
| Component | Points | Max | Reason |
|---|---|---|---|
| Source authorityIs the source competent to establish the proposition? | 17 | 30 | A company filing and an agency report of the company's disclosure, not the docket. |
| DirectnessDoes the source state the proposition or only discuss adjacent facts? | 18 | 20 | The report states the dismissal and its terms directly. |
| CorroborationDo independent records support the same material point? | 8 | 15 | Both records trace to company disclosures. |
| Procedural accuracyDoes the record settle the procedural state the claim describes? | 11 | 15 | A voluntary dismissal ends the case, but without prejudice. |
| CurrencyHas the record been checked against later developments? | 8 | 10 | No refiled action was found in later searches. |
| ReproducibilityCan a reader locate the passage and repeat the assessment? | 8 | 10 | The filing and report are public. |
| Total | 70 | 100 |
Timeline
Related cases
- Shareholder plaintiffs v. Infosys LimitedUS District Court for the Eastern District of New York. Civil. Not published.Stage: Voluntarily dismissed without prejudice on 21 May 2020.
- Plaintiff voluntarily dismisses the lawsuit without prejudiceS5
Revision history
- Assessment first published with label Outdated.
Have a record that changes this assessment? See corrections and responses.
Sources
- S5Tier C Class action lawsuit against Infosys dismissed in USYourStory (Press Trust of India). Press report. 22 May 2020.Reports the voluntary dismissal without prejudice, citing the company. It is not the court docket.Link working, checked 25 October 2026
- S1Tier B Statement of Consolidated Audited Results of Infosys Limited and its subsidiaries for the quarter and year ended March 31, 2020Infosys Limited (filed with the US SEC). Company filing. Not stated on the page. Refers to board approval on 20 April 2020.Company disclosure of the investigation, the SEC closure, no restatement and the pending class action. It is the company's own account.
Other claims about Infosys Limited
- Unresolved46Anonymous whistleblowers alleged in 2019 that Infosys's chief executive and chief financial officer used unethical practices to boost short-term revenue and profit.Press report, 22 October 20195 records citedAccounting
- Partly supported61Infosys said in January 2020 that its investigation found the whistleblower allegations substantially without merit and found no evidence of financial impropriety or executive misconduct.Company statement, 10 January 20204 records citedAccounting