Legal experts are of the view that the SEC would likely take notice of the charges.
“From what I have seen of the letter, the allegations appear to be from credible, well-placed whistleblowers. (They) are making allegations of current misbehaviour that includes C-suite executives,” Erika Kelton, a Washington DC based lawyer at the firm Phillips & Cohen, told ET. “These are the types of cases that the SEC is very interested in.”
Read the full article, “Infosys faces class action suit in US as regulators step up pressure,” in The Economic Times