Infosys Addresses ADR Surge, Reveals US Court Case Settlement

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CNBC Awaaz•20-12-2025, 09:48
Infosys Addresses ADR Surge, Reveals US Court Case Settlement
- •Infosys ADRs experienced over 40% surge and trading halts on NYSE on December 19, 2025.
- •Company clarified no material developments requiring SEBI disclosure, aiming for transparency.
- •Infosys McCamish Systems LLC reached a $17.5 million settlement in a US class action lawsuit.
- •US court granted final approval for the settlement on December 18, 2025.
- •Settlement becomes effective and charges dismissed if no appeal within 30 days.
Why It Matters: Infosys clarifies ADR volatility and announces a $17.5 million US court case settlement.
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