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Infosys shares rally after US court dismisses employee's lawsuit
August 21, 2012 / 4:31 AM / 5 years ago

Infosys shares rally after US court dismisses employee's lawsuit

Infosys rose as much as 3.7 percent on Tuesday after a
U.S court dismissed harassment charges filed by a U.S. employee,
ending worries about a case that had recently pressured shares
of the software service exporter.
    In the lawsuit, Jack Palmer, an Infosys employee in the
United States had said he was retaliated against by the company
after pointing out what he said was the misuse of U.S. B1 visas.
    Infosys still faces a similar lawsuit from a former
employee.
    Infosys shares rose 3.4 percent as of 0428 GMT.

 (Reporting by Manoj Dharra and Harichandan Arakal; Editing by
Rafael Nam)

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