An announcement from Infosys Limited ( (IN:INFY) ) is now available.
Infosys Limited has announced a proposed settlement for all class action lawsuits related to a cyber incident involving its subsidiary, McCamish Systems LLC. The agreement, reached through mediation, involves a payment of $17.5 million to settle the lawsuits without admitting liability, pending court approval. This settlement aims to resolve all allegations and mitigate potential impacts on Infosys’s operations and reputation.
More about Infosys Limited
Infosys Limited operates in the information technology industry, providing consulting, technology, and outsourcing services. The company focuses on delivering digital transformation and business solutions to clients globally, with a strong emphasis on innovation and sustainability.
YTD Price Performance: -16.12%
Average Trading Volume: 208,496
Current Market Cap: 6601.2B INR
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