Judge Throws Out Palmer Case Against Infosys
MONTGOMERY, Alabama, Aug 21, 2012 /PRNewswire-AsiaNet/ –
– Dismisses Case Entirely
Infosys, [http://www.infosys.com ] a global leader in consulting and
technology, today prevailed in its defense of a lawsuit filed by one of its
employees, Jack "Jay" Palmer. United States District Judge Myron H. Thompson
found no basis to support any of the charges filed by Palmer and dismissed the
case entirely, writing, "Judgment is entered in favor of defendants Infosys
Technologies Limited Incorporated and Infosys Limited and against plaintiff
Jack "Jay" Palmer, Jr., with plaintiff Palmer taking nothing by his complaint."
Judge Thompson further ordered costs against Mr. Palmer.
Infosys released this statement shortly after learning of the judge’s
decision:
"Today’s decision confirms what we have been saying from the beginning: Mr.
Palmer’s claims of retaliation were completely unfounded. This is a company
built on core values that include leadership by example, integrity and
transparency. Those values always have and will continue to shape the way we do
business with our clients and, without exception, the way we treat our people.
We are pleased to consider this matter officially closed."
About Infosys
Many of the world’s most successful organizations rely on the 151,000
people of Infosys to deliver measurable business value. Infosys provides
business consulting, technology, engineering and outsourcing services to help
clients in over 30 countries build tomorrow’s enterprise.
For more information about Infosys (NASDAQ: INFY), visit
http://www.infosys.com
Safe Harbor
Certain statements in this release concerning our future growth prospects
are forward-looking statements, which involve a number of risks and
uncertainties that could cause actual results to differ materially from those
in such forward-looking statements. The risks and uncertainties relating to
these statements include, but are not limited to, risks and uncertainties
regarding fluctuations in earnings, fluctuations in foreign exchange rates, our
ability to manage growth, intense competition in IT services including those
factors which may affect our cost advantage, wage increases in India, our
ability to attract and retain highly skilled professionals, time and cost
overruns on fixed-price,
fixed-time frame contracts, client concentration, restrictions on immigration,
industry segment concentration, our ability to manage our international
operations, reduced demand for technology in our key focus areas, disruptions
in telecommunication networks or system failures, our ability to successfully
complete and integrate potential acquisitions, liability for damages on our
service contracts, the success of the companies in which Infosys has made
strategic investments, withdrawal or expiration of governmental fiscal
incentives, political instability and regional conflicts, legal restrictions on
raising capital or acquiring companies outside India, and unauthorized use of
our intellectual property and general economic conditions affecting our
industry. Additional risks that could affect our future operating results are
more fully described in our United States Securities and Exchange Commission
filings including our Annual Report on Form 20-F for the fiscal year ended
March 31, 2012 and on Form 6-K for the quarters ended June 30, 2011 September
30, 2011 and December 31, 2011. These filings are available at
http://www.sec.gov. Infosys may, from time to time, make additional written and
oral forward-looking statements, including statements contained in the
company’s filings with the Securities and Exchange Commission and our reports
to shareholders. The company does not undertake to update any forward-looking
statements that may be made from time to time by or on behalf of the company.
For further information please contact:
The Americas
Danielle D’Angelo
Infosys Ltd, US
Phone: +1-510-859-5783
Danielle_Dangelo@infosys.com
Asia Pacific
Sarah Vanita Gideon
Infosys Ltd, India
Phone: +91-80-4156-4998
Sarah_Gideon@infosys.com
Australia
Cristin Balog
Infosys Ltd, Australia
Phone: +61-3-9860-2277
Cristin_Balog@infosys.com
EMEA
Paul de Lara
Infosys Ltd.
Phone: +44(0)2075162748
Paul_delara@infosys.com
SOURCE: Infosys Ltd
