Infosys Stock Jumps: NYSE ADRs Surge, McCamish Settlement Approved

• Infosys shares surged over 2% in early trade today, reaching ₹1675.60.
• Infosys ADRs on NYSE saw an extraordinary surge of up to 56%, causing trading halts, before closing 5.42% higher.
• The company clarified that no new material information was released by Infosys to explain the ADR volatility.
• A US court granted final approval for the McCamish settlement, releasing Infosys from class action lawsuits.
• The settlement will become effective if no appeal is filed within 30 days, absolving Infosys of legal liability.

Why It Matters: Infosys shares rallied today due to a surprising ADR surge and final approval of a US lawsuit settlement.